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.”