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Fraud to be guarded against
05 December 2008

Businesses need to remain wary of fraud despite a rise in fraudster prosecutions, new figures show.

National crime statistics published by the Ministry of Justice show the total number of fraud cases went up 52% in 2007, to 6,483. However, it is feared the number of convictions do not accurately reflect the scale of the fraud problem in the UK.

Martin Williams, managing director of Graydon UK said: "According to some estimates, fraud costs this country something in the region of £50bn a year - 6483 convictions, although promising, hardly begins to deal with this huge problem in the UK."

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