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B2B: a growing target for fraud.(NACM's 110th Credit Congress & Exposition)(business to business market )
Identity thieves have gained deserved notoriety for turning the lives of individual victims upside down. But there's another target far less apt to get attention from taw enforcement officials, lawmakers or the media: victimized businesses. Companies that rely on business-to-business transactions must make countless judgments on whether to extend credit to other businesses. Whether the credit grantor is a financial institution, captive finance company, leasing company or manufacturer, it's often difficult to tell good credit risks from bad, much less real businesses from fraudulent businesses.
Nationwide, business fraud tosses are mounting. Typical business fraud ...
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Source: HighBeam Research, B2B: a growing target for fraud.(NACM's 110th Credit Congress &...