Warning over fake letters

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BUSINESS advisers KPMG’s Leeds forensic team say there has been an increase in firms targeted by letter scams.

The team says that more companies are getting official-looking letters claiming to be from their suppliers announcing changes to bank details.

The fraud works by asking a company to pay to a new account.

Vivien Osborne, of KPMG’s Yorkshire forensic team, said: “This is a troubling rise in an old-style fraud.

“Often many businesses which have amended a supplier’s details do not realise there is a problem until they are chased for payment by that supplier.

“A number of well-known organisations have been tricked in this way, involving significant amounts.

“In one case we recently investigated, the attempted fraud was in excess of £1m.”

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