While it’s not surprising that the vast majority of experts say the economic crunch has led to an increase in occupational fraud, companies may not be doing enough to address their increased risk, according to a survey of anti-fraud professionals.
More than half (55 percent) of Certified Fraud Examiners say the number of frauds increased during the past year when compared to the level of fraud they’ve investigated or observed in years prior. In addition, 49 percent observed an increase in the dollar amount lost to fraud during the same period.
