Some key findings of Experian’s latest report into insider fraud:Of 127 organisations surveyed by CIFAS, the UK's fraud prevention service, only two had not experienced insider fraud.
Organised criminal gangs are increasingly involved in cases of insider fraud. Their activities include convincing or coercing existing employees to act on their behalf, or infiltrating the organisation with an inside person, often a temporary worker. They are particularly interested in compromising the organisation’s customers.
Criminals have been known to hang around pubs and cafes near target organisations seeking disgruntled employees, while ‘smoke free’ legislation has had the unfortunate effect of providing gangs with the opportunity to target staff taking cigarette breaks on the street.
The lack of employee recruitment checks and controls in some organisations lies at the heart of the employee fraud problem. The research showed the importance of companies ensuring that the checks they carry out on potential employees are more rigorous than those they undertake when opening new accounts for customers.
The full report can be downloaded here.
