Fraud by long-serving employees rising, survey finds

red-flag

Internal frauds committed by long-serving senior employees have become significantly more common, according to a survey published today by KPMG. Since its last global fraud survey in 2007, fraud by employees has risen from 69% of cases to 90%, the firm says.

Internal controls, meanwhile, are often powerless to catch fraudsters. The survey found that 24% of frauds were detected through tip-offs - either anonymous (14%) or via a formal whistle-blower process (10%). Another 13% were discovered by

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: