Atradius warns of rise in supply chain fraud during pandemic

Credit: iStock/Kamonchai Mattakulphon

Trade credit insurer Atradius has detected a rise in fraudsters posing as companies during the Covid-19 pandemic. It said opportunistic fraudsters have exploited disruption to normal trade during lockdowns. Fraudsters are presenting themselves as credit-worthy businesses and looking for new suppliers from legitimate businesses, explained the insurer. Atradius said suppliers caught out in the scams hand over the goods but…

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