Business Lending Fraud Still Higher than Before COVID, Survey Says

American Banker, May 3, 2023–Carter Pape (subscription)
Lenders to small- and medium-size businesses have seen fraud attempts increase since 2021. At the same time, their losses to such fraud, as a percentage of their revenue, has dropped. Still, those losses remain higher than prior to the pandemic, according to a survey released Wednesday.
https://www.americanbanker.com/news/smb-lending-fraud-remains-higher-than-pre-pandemic-survey