Lamport Bassitt Solicitors - Legal News - Insider business fraud 'on the rise'


	LATEST LATEST LEGAL NEWS ARCHIVE		LATEST NEWS & EVENTS Insider business fraud 'on the rise' Incidents of insider business fraud are on the increase, it has been revealed. According to the CIFAS Staff Fraud Database, dishonest actions by staff to obtain benefits and theft by deception rose by 69 per cent in the first half of this year compared with the same period in 2008. In addition, there was a rise noted in the number of female employees involved in fraud, with the figure for women filed for this reason doubling during this time. Commenting on the trend, CIFAS staff fraud advisor Arjun Medhi said that while fraud is traditionally seen as a male activity, the cases filed this year prove that current conditions have eroded this difference. He added: "As wallets and purses get squeezed, it is surprising to see how many more women feel compelled to attempt fraud against their employer." A non-for-profit organisation, CIFAS is a membership association which is dedicated to the prevention of financial crime and staff fraud. Related Articles: 22/9/2011 - Manufacturers targeting strategic acquisitions to drive growth 21/9/2011 - Mergers and acquisitions rule changes take effect 14/9/2011 - Govt wants to make London a 'legal hub' for the world 12/9/2011 - ICB banking reforms: banks set to be given until 2019 to prepare 8/9/2011 - Banking reforms in danger of being 'watered down' More Corporate Law News