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Insider business fraud 'up this year'

Insider business fraud 'up this year'
The number of cases of insider business fraud in the UK rose over the first half of this year, new figures suggest.

According to the CIFAS Staff Fraud Database, dishonest actions by workers to obtain benefits and theft by deception rose by 69 per cent during the first six months of 2009 compared with the same time last year.

It was also found that women's participation in such actions was up over the period.

The number of female employees filed for this reason during the first six months of this year was double that of the same time in 2008.

CIFAS staff fraud advisor Arjun Medhi said that while fraud is traditionally viewed as a male activity, these figures prove that current economic conditions have eroded this difference.

The expert 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 membership association, CIFAS operates on a non-profit basis and is dedicated to the prevention of financial crime and staff fraud.