Analyses & Studies

Euler Hermes: How to Protect Your Business Against Credit Fraud

Spotting the top four red flags of business fraud

Business fraud is a huge problem in South Africa, but it’s not just a local issue: credit fraud is a rising problem worldwide that has been accelerated with digitalization and remote working.

Out of the various forms, identity theft is the most common type of business fraud in trade credit.

But fraudsters can adopt a number of tactics. The good news is, whichever method they use, there are a number of common red flags that should alert a company’s credit department to a problem.

 

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About Euler Hermes

Endorsed by Allianz, Euler Hermes is the world’s leading provider of trade credit insurance and other related financial services. Euler Hermes' expert analysts use technology-driven processes to generate insights and present actionable information to businesses of all sizes and in all sectors.

 

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