43% Of Insider Fraud Cases Not ReportedWednesday, 16th May 2018 at 9:35am
According to the Third Sector website, the Charity Commission has found that 43% of insider fraud cases committed in the last five years were not reported.
A recent report also argued that there are certain factors which make the charity sector more susceptible to this type of crime than others.
Findings showed that the vast majority of insider fraud cases – (nearly 70%) – occur because too much responsibility is placed on one individual.
In almost half of cases (43%) this individual is an employee of the organisation, and in over a third (33%) it is a trustee.
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