News

Insider tip of the month – Staff Fraud

Staff Fraud

There was a 41pc jump in the number of dishonest actions by staff to gain a benefit by theft or deception. This includes the theft of cash from the customer (31pc of these cases) and from the employer (23pc). Undoubtedly, economic and work pressures provided much of the motivation to commit fraud.

Prevention better than investigation

While the vast majority of staff are honest and trustworthy, staff fraud is a real problem that poses real and continuing risks.

Kingdom Security can assist in the  fight against fraud via data-sharing to instilling an anti-fraud culture throughout an organisation, combined with strong internal controls. Through these efforts, the emphasis for counter fraud strategies can be on prevention, rather than investigating and learning how to deal with the consequences once the damage has been done