The Inuit infographic above investigates the four different types of fraud that businesses, particularly smaller start-up companies, are susceptible to and the various impacts these fraudulent crimes can have.
As Inuit writes, "One out of four businesses have been victims of fraud, with an average loss of $50,000. Small businesses are disproportionately impacted because they typically have fewer checks and balances to prevent or detect fraud, making them ripe targets in the eyes of crooks."
The four categories outlined by the infographic are data fraud, embezzlement, online banking fraud and check fraud. The descriptions and statistics that accompany these types of fraud are outlined in the infographic, as well as strategies these companies can use to avoid becoming targets of fraud.