Despite the low figures, just seven per cent of businesses said they had increased staff involvement in fraud prevention in the past 12 months, one of the lowest rates in the world. The number of people involved in anti-fraud activity has increased by 12% globally.
The survey covered 7,400 owners and senior managers in 33 countries, including 600 in the UK.
Phil Crooks, Head of Assurance Services at Grant Thornton, said it was a well documented fact that in times of economic downturn fraud
- Ghost broker jailed for two years
- Up to 275 jobs at risk at Axa XL in the UK
- Legal Protection Group confirms loss of Inter Hannover capacity
- Towergate’s Andy Parkin resurfaces at Gauntlet
- Consolidation opens up opportunities, says Romero boss
- Laurent Matras takes interim Axa retail MD role as Gareth Howell departs
- Profits up at Allianz in 2018