Staff fraud rises 45 per cent, study finds

Staff fraud within businesses rose by 45 per cent in 2009 compared to 2008, according to figures from CIFAS, the UK's Fraud Prevention Service.

Offences included fraudulent withdrawals from customer accounts and cash theft.

Research also revealed that there was a 113 per cent increase in cases of unlawful disclosure or obtaining of personal data.

This could come as a warning sign to businesses looking to hire staff to fill out a DIY employment contract.

Neil Munroe, external affairs director of credit experts Equifax, advised business owners to do checks and monitor staff, as well as implement random checks.

However, he said that a respect for privacy must be upheld.

"A lot of fraud can be picked up if you find people have financial difficulties elsewhere, and that is the key driver," he remarked.

Mr Munroe added that loyal staff could also become a perpetrator when they are put under pressure to sort out their finances.

According to the RSA Group, nine in ten businesses do not protect against employee theft.

Posted by Christopher Evans


Published on: June 2, 2010

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