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Challenges in Identifying Small-business Fraud

Question: 
What are some of the challenges faced by institutions in identifying small-business fraud?
Answer: 

Resources dedicated to small-business fraud - The fact that small-business fraud is not as visible as consumer fraud and often is seen as a "victimless" crime is one of the biggest challenges. As a result, many organizations do not place significant importance on implementing a fraud prevention program within their business loan application process.

First published on 03/16/2009

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