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More companies fall victim to fraud

27th May 2010

The number of companies falling victim to fraud has increased from 10% to 21% in the last two years in Western Europe.

Fraud targeting companies can come from both external fraudsters and staff employed by the company committing fraud.

Ernst & Young’s 11th Global Fraud Survey explains how businesses have coped with increasing fraud and corruption risks during the financial crisis.

Anti-fraud and anti-corruption measures needed

The report urges companies to employ anti-fraud and anti-corruption measures. It found that 18% of UK companies have not performed a fraud risk assessment over the last 12 months, and 1 in 10 (8%) have never completed one.

Read more about Ernst & Young’s 11th Global Fraud Survey and download a copy of the report.
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To report a fraud, call Action Fraud on 0300 123 2040 or use our online fraud reporting tool.

Read our advice about company fraud, also known as ‘asset misappropriation fraud’.