A new report has revealed that most instances of staff fraud are committed by individuals under the age of 21.
CIFAS – the UK’s Fraud Prevention Service – has released the information in its ‘Staff Fraudscape’ report, which analyses insider fraud.
Insider Fraud Trends
The report also found a 63% increase in cases of staff stealing or disclosing personal data in 2010 compared to 2009. While 29% of staff fraudsters were aged under 21, just 3% were aged between 41 and 50, and none were aged over 50. It was mostly more established members of staff committing the fraud – the average duration of employment before fraud was discovered was five and a half years in 2010.It is believed that efforts to promote awareness of fraud among employees resulted in a 12% increase in cases being reported by staff in 2010, compared with 2009.
Read some tips on how to protect your business from fraud and how anyone can spot employee fraud.
Read more about the latest CIFAS Staff Fraudscape report.
To report a fraud, call Action Fraud on 0300 123 2040 or use thier online fraud reporting tool.
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