Businesses Need To Combat Fraud

Thursday, 26th July 2018 at 5:40pm

An article on the Personnel Today website addresses the need for business boardrooms to act to protect themselves from the “internal threat”.

The average loss for a UK company with fewer than 100 employees from a single incident of fraud is £150,000 and companies with more than 100 employees are hit by average losses of £78,000 from a single fraud event, according to a report as part of the Nations Global Fraud Study 2018.

According to a US-based criminologist, Donald Cressey, a potential fraudster will act when they have the opportunity at work, are able to rationalise their actions and are motivated by financial gain – a scenario known as The Fraud Triangle.

To read the full story, click here.

(This will open in  a new window, taking you to the original article.)