It's one of the worst experiences an entrepreneur can imagine – having your business ripped off through fraud. Thousands of small business owners every year wake up to this nightmare, finding they've lost thousands of Naira, private business data and potentially even the company itself.

But instead of protecting themselves from a potentially damaging situation, most business owners are ignoring the warning signs of fraud and are setting themselves up for disaster.

But by implementing some simple processes – and some clever technology – business owners can greatly reduce their exposure.