Rapidly rising defense spending across EU states is creating new opportunities for
fraudsters. The director of the EU’s anti-fraud agency has warned that states that are
funding rearmament must increase their fraud protections. Companies and investors
in the sector should therefore expect more fraud activity and more scrutiny.

Ruth Prickett graduated from Cambridge University with a BA hons in History and has specialized in business and finance journalism for the past 20 years. She was editor of Financial Management, the magazine...