Sunday, December 28, 2008

Fraud risk 'rises' during crunch


Fraud in the workplace is likely to accelerate during the global economic downturn, says accountants KPMG.

This is because managers may falsify figures to make performance look better and debt-strapped employees are more likely to commit fraud.

Corporate fraud was £630m in the first six months of 2008, up on recent years.

Fraudsters may struggle to get false credit cards in the current climate, making them more likely to target their victim's deposit accounts.

See full Article.