East Of England Businesses Lose £6.3m To Fraud

Wednesday, 20th September 2017 at 5:22pm

The Ipswich Star reports that corporate employee fraud cost businesses in the East of England more than £6.3m last year.

Nationally, losses from employee fraud amounted to more than £40m, according to the data from ActionFraud, the UK’s national fraud and cyber-crime reporting centre.

According to recent research from CIFAS, a not-for-profit fraud prevention membership organisation, almost half (47%) of internal frauds are discovered as a result of internal controls and audit.

However, a growing number are coming to light as a result of staff raising concerns with line managers, or via whistle-blowing channels.

To read the full story, click here.

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