Qualified advisers answering your
Financial Questions
call 0800 092 1245

Employee Fraud At An All Time High

A recent report by BDO Stoy Hayward has revealed that true extent of rising business fraud across the UK. The study has shown an alarming 74% rise over the last six months and signs that worse is yet to come!

Fraud amongst employees seems to be the one area which is showing major growth, with 11% of all frauds now committed by employees, against a figure of just 2.5% over a year ago. The total cost of employee led fraud in 2008 alone has stacked up to £708 million, and we are only just entering the second half of the year.

There are also concerns that the actually figure reported - as disturbing as it may be - is just the tip of the iceberg with many companies not willing to make such incidents public for fear of spoiling their reputation in the business world. However, this does not help the situation with the authorities, which are unable to act unless a fraud claim is registered.

While there may be a number of reasons why employees are even able to consider any type of fraudulent activity, many are blaming the problem on the ease with which employees may access and scan internal computer networks.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details