Insider fraud rising, but controls improving, survey suggests

moneymousetrap

Fraud by employees rose sharply in 2011, but the figures imply that internal controls against fraud have also become much more effective, according to a survey released on May 11 by the UK non-profit fraud information sharing service Cifas.

The study found a 14.5% increase in staff frauds from 2010, with 378 reported by Cifas members this year. But 44% of the frauds were discovered by companies' own internal controls. In contrast, a KPMG study in 2011, covering the period from 2008 to 2010

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 info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

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: