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June 21 2017

UK Firms Second Biggest Victims Of Fraud And Cyber Crime Worldwide

According to Kroll's Global Fraud and Risk Report, fraud incidents have risen by 16 percent over the last year, with 90 percent of respondents saying they experienced a cyber incident during the period.
The global fraud average stands at 82 percent. The most common types of fraud in the UK were theft of physical assets and the misappropriation of funds, with most fraudsters coming from inside the company. Almost half (41 percent) of executives said that junior employees were the biggest threat, followed by senior or middle management employees (32 percent) and ex-employees (30 percent).
Alongside fraud, the UK was also named as the country with the second highest rate of cyber incidents, with 92 percent of executives saying they had experienced an attack or information loss in the last year, compared with the global average of 85 percent.