INTERNAL FRAUD COSTS MORE THAN IMAGINED – UK FRAUD UNIT
November 2nd, 2013
ORGANISATIONS need to appreciate both the scale of damage done by internal fraud, and the need for adequate vetting, a new British government report called ‘The True Cost of Insider Fraud’ urges. The study for CIFAS, the UK’s Fraud Prevention Service analyses how internal frauds include sums taken by the fraudster as well as investigation costs, disciplinary measures, fines, compensation and intangibles such as impact on morale, reputation or share price.Conducted by the University of Portsmouth’s Centre for Counter Fraud Studies, in southern England, it ...
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