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.