Companies are unprepared to face the onslaught of fraud

Insurance Age staff
01 Jan 2009

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Companies are unprepared to face the onslaught of fraud, which is predicted to rise because of the current economic downturn. According to a Vanson Bourne survey, 27% of business respondents said they were not ready for an increase in fraud. The survey, conducted on behalf of SPSS UK, also found that 30% of businesses questioned believe themselves unable to cope with current levels of fraud, casting further doubt on how they would survive the impending challenge. On top of this, only 3%

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