Payroll fraud is a serious threat to small businesses, with losses estimated at $7 billion annually, according to the Association of Certified Fraud Examiners (ACFE). Even more concerning is that small and medium-sized enterprises (SMEs) are more vulnerable to these scams than larger organizations. Limited resources and weaker internal controls often make SMEs easy targets for fraudsters.
In fact, the ACFE reports that businesses with fewer than 100 employees are the most common victims of frau
