Small businesses are disproportionately victimized by fraud, according to Bill.com founder Rene Lacerte, and they need to adopt new ways to protect themselves.

In his session on “7 Ways to Protect Your Business from Fraud” at the 2013 Sleeter Group Accounting Solutions Conference, held here, serial entrepreneur Lacerte noted that 5 percent of business revenue is subject to fraud, and that the burden has fallen more heavily on smaller companies because they haven’t been able to afford the prevention tools that larger organizations can.

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