COVID-19 FRAUD BOOM CONTINUES AS RECESSIONS FUEL DISHONESTY
November 25th, 2022
Fraud has spiked since the outbreak of Covid-19 and is still on an upward trajectory as economies struggle to rebound from the pandemic, according to research by Grant Thornton and the US-based Association of Certified Fraud Examiners (ACFE). One of the biggest growth areas in fraudulent activity, according to the American Bankers Association (ABA) is related to the exploitation of the elderly, particularly in ageing societies such as the USA, Europe and the east Asia.
Across the world, fraudulent activity has risen since 2020, said the ACFE, showing that 51% of ...
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