Many firms are unprepared for the impact that disruptions from cybercrime, staff losses and severe weather can cause, according to new research by the Federation of Small Business (FSB). The data, part of wider forthcoming research into how the UK can better use supply chains, shows that only 35% of small businesses and the self-employed…

Less than a quarter (22%) of businesses believe social engineering will be a major threat in the next two to three years, despite the fact that 42% of fraud prevention managers are frequently experiencing phishing attacks, according to research by Callcredit Information Group. The research highlights the anomaly between the growing risk which social engineering…

The Federation of Small Businesses (FSB) has called on small firms hit by TSB disruption to be compensated. Responding to the announcement that the Financial Conduct Authority and Prudential Regulation Authority are investigating recent IT disruption at TSB Bank, Federation of Small Businesses (FSB) National Chairman Mike Cherry, said “It’s vital that small business owners affected…

New research released by Callcredit Information Group has revealed that over half (59%) of businesses predict a serious fraud incident or security breach within the next year if they continue with their current technology, processes and tools. In addition, a further 17% of those surveyed revealed that this is something they have already experienced. The…

The Government has announced measures to crack down on the abuse of a specialised financial arrangement to launder dirty foreign money through the UK. Scottish Limited Partnerships (SLPs) and Limited Partnerships (LPs) are used by thousands of legitimate British businesses, particularly the private equity and pensions industry, to invest more than £30 billion a year…

Criminals are launching more online attacks on UK businesses than ever before, it has been revealed in a new report by The National Cyber Security Centre. The report details some of the biggest cyber attacks from the last year and notes that risks to UK businesses continue to grow. Emerging threats are also highlighted, such…

The Credit Services Association (CSA), has announced the first of the major sponsors for the 2018 UK Credit and Collections Conference (UKCCC), which this year moves to Crowne Plaza, Stratford Upon Avon. Conexus Recovery and Field Services, which has clients across the banking, utilities, retail and debt purchasing sectors, is returning as a sponsor and…

The Credit Services Association (CSA), the voice of the UK debt collection and debt purchase sectors, is to host the Credit and Collections Technology Awards at this year’s CSA Gala Dinner on 13 September. The co-branded event, which will form part of the CSA’s UK Credit and Collections Conference (UKCCC), reflects the Association’s growing recognition…

New laws to help protect company directors from identity fraud and personal harm will be introduced by the Government. The new laws will enable company directors to remove their personal addresses from the UK’s official company register on Companies House. Directors must still provide their business address as a legal requirement. This comes in response…

It is estimated that there could be over £25 million worth of fraud being perpetuated by businesses falsely claiming Small Business Rates Relief across England, according to data analytics specialist Destin Solutions. Small Business Rates Relief (SBRR) is provided to a number of businesses across England on the basis that they either only use one property…