Small and Midsize Business Lending Fraud Rises Over the Past Year, with Lenders Anticipating Further Increases in the Year Ahead

According to a LexisNexis Risk Solutions Study, Digital Channels See Biggest Increase in SMB Lending Fraud ATLANTA, Sept. 5, 2024 /PRNewswire/ -- Small and medium-sized business (SMB) lending fraud has increased by a double-digit percentage year over year, with most lenders expecting fraud levels to continue to increase in the coming months, as revealed by the latest edition of the LexisNexis® Risk Solutions Small and Midsize Business Lending Fraud Study. Overall, more than 80% of respondents said that SMB ...