Human resources: the first defence against insider fraud risk

HR departments are key in preventing internal fraud - and in dealing with the consequences, Nick Kochan finds

Internal fraud is one of the fastest-growing and most complex criminal threats to any financial organisation. Banks and other financial firms deploy ever more sophisticated systems to forestall attack from outside – whether unauthorised transactions, loss of customer data, loss of intellectual property, money laundering or corrupt payments – but all of these may still be vulnerable to an insider