{"id":14610,"date":"2026-03-02T09:26:14","date_gmt":"2026-03-02T09:26:14","guid":{"rendered":"https:\/\/trustpair.com\/blog\/fighting-fraud-its-now-or-never\/"},"modified":"2026-03-10T13:24:37","modified_gmt":"2026-03-10T13:24:37","slug":"fighting-fraud-its-now-or-never","status":"publish","type":"post","link":"https:\/\/trustpair.com\/gb\/blog\/fighting-fraud-its-now-or-never\/","title":{"rendered":"Fighting Fraud: Why It Matters and How to Do It"},"content":{"rendered":"<p>In 2024, 42% of UK companies experienced at least two successful fraud attacks. This alone underlines the need to implement <a href=\"https:\/\/trustpair.com\/gb\/fraud-prevention-software\/\">a fraud prevention software<\/a> like Trustpair.<\/p>\n<p><a href=\"https:\/\/trustpair.com\/gb\/resources\/fraud-in-the-cyber-era-2026-fraud-trends-insights\/\">In our latest white paper<\/a>, learn about all the steps and criteria to<strong> implement the right fraud prevention software for your business.<\/strong><\/p>\n<p><!--HubSpot Call-to-Action Code --><span id=\"hs-cta-wrapper-6822d6eb-bc19-421c-9f1f-c1aeef27c318\" class=\"hs-cta-wrapper\"><span id=\"hs-cta-6822d6eb-bc19-421c-9f1f-c1aeef27c318\" class=\"hs-cta-node hs-cta-6822d6eb-bc19-421c-9f1f-c1aeef27c318\"><!-- [if lte IE 8]>\n\n\n<div id=\"hs-cta-ie-element\"><\/div>\n\n\n<![endif]--><a href=\"https:\/\/cta-redirect.hubspot.com\/cta\/redirect\/5278241\/6822d6eb-bc19-421c-9f1f-c1aeef27c318\"><img decoding=\"async\" id=\"hs-cta-img-6822d6eb-bc19-421c-9f1f-c1aeef27c318\" class=\"hs-cta-img\" style=\"border-width: 0px;\" src=\"https:\/\/no-cache.hubspot.com\/cta\/default\/5278241\/6822d6eb-bc19-421c-9f1f-c1aeef27c318.png\" alt=\"New call-to-action\" \/><\/a><\/span><script charset=\"utf-8\" src=\"https:\/\/js.hscta.net\/cta\/current.js\"><\/script><script type=\"text\/javascript\"> hbspt.cta.load(5278241, '6822d6eb-bc19-421c-9f1f-c1aeef27c318', {\"useNewLoader\":\"true\",\"region\":\"na1\"}); <\/script><\/span><!-- end HubSpot Call-to-Action Code --><\/p>\n<h2>Payment fraud, a key issue for UK companies<\/h2>\n<p>The high fraud numbers in the UK can be explained by <strong>insufficient measures and by the increasing sophistication of fraudsters<\/strong>, now closer to cybercriminals than amateur computer whizzes. Company processes are also more complex, which factors in the rise of payment fraud: scammers take advantage of this complexity to spot the loopholes and infiltrate the systems. On top of that, the move to paper checks also opens the door to more fraud.<\/p>\n<h2>Financial loss isn\u2019t the only impact of payment fraud<\/h2>\n<p>On top of the obvious financial impact &#8211; which can quickly amount to a couple of millions of pounds, <strong>fraud has other consequences.<\/strong> A successful fraud event can damage supplier relationships by delaying payments or delivery of goods and services. The same goes for customer relationships and investor trust. It\u2019s safe to say that your brand reputation can suffer a serious hit from successful fraud.<\/p>\n<h2>Companies are reacting too little too late<\/h2>\n<p>UK companies are more mature when it comes to fraud than 5 years ago. However, they still use<strong> manual and insufficient prevention measures<\/strong>. For example, 70% of US companies resort to human callbacks to validate new vendor information after a change is requested. This type of manual control is largely ineffective, on top of being time-consuming. They can\u2019t top sophisticated online frauds.<\/p>\n<h2>Fighting fraud also means more efficiency<\/h2>\n<p>It\u2019s no secret that fraud prevention software\u00a0is the most effective way to wipe out fraud. In fact, it\u2019s the only way to ensure total reliability of vendor data, through automated and systematic account validation checks. However, that\u2019s not all it brings to the table.<\/p>\n<p>Digitizing risk management also means<strong> improving organizational efficiency.<\/strong> How? By automating what used to be manual and low-added-value tasks and saving time for finance teams to focus on strategic missions.<\/p>\n<h2>Fighting fraud is a necessity, not a convenience<\/h2>\n<p>Companies that rely on manual processes to fight fraud drastically increase the risk of being a successful target and probably face financial and reputational losses. On top of that, manual processes hinder efficiency and competitiveness.<\/p>\n<p>The result? Companies are less profitable and attractive to investors and suppliers alike. Implementing fraud prevention software means finance teams can work with cutting-edge tools and concentrate on high-value-added missions.<\/p>\n<p><a href=\"https:\/\/trustpair.com\/gb\/resources\/fraud-in-the-cyber-era-2026-fraud-trends-insights\/\">Download our latest white paper to learn how to do it!<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In 2024, 42% of UK companies experienced at least two successful fraud attacks. This alone underlines the need to implement a fraud prevention software like Trustpair. In our latest white paper, learn about all the steps and criteria to implement the right fraud prevention software for your business. Payment fraud, a key issue for UK [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14613,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[117],"tags":[],"class_list":["post-14610","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fraud-protection-gb"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How to fight against B2B fraud - Trustpair<\/title>\n<meta name=\"description\" content=\"93% of UK companies were targeted by fraud in the past year. This is one of the reasons why fraud prevention should be a priority\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trustpair.com\/gb\/blog\/fighting-fraud-its-now-or-never\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to fight against B2B fraud - Trustpair\" \/>\n<meta property=\"og:description\" content=\"93% of UK companies were targeted by fraud in the past year. 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