16 August 2007
Small and medium sized enterprises (SMEs) are still unwilling to uptake e-commerce due to concerns over credit card fraud.
The Federation of Small Businesses (FSB) has said that only 18% of UK SMEs were trading online in 2005, while less than 1% were generating all their sales through the web. This follows the report on e-crime released this month by the House of Lords Science & Technology Committee.
The FSB also added that although only 6% of small firms had experienced online credit card fraud, its threat was a significant concern to 19% of businesses.
David Croucher-Jones, FSB home affairs chairman, said:
E-crime needs to be given the same status as crime that is committed against a bricks and mortar business. Only when this is accomplished, by implementing the Lords recommendations, can more small businesses benefit from having a stronger online presence.
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