British businesses were said to be particularly vulnerable to internal fraud ALAMYNearly 40 per cent of British businesses experienced internal fraud and leaks of company information in the past 12 months, research has revealed. The latest annual fraud and risk survey published by Kroll, the business intelligence and investigations firm, showed that 38 per cent of UK companies were affected. The only region with a higher incidence of internal fraud was sub-Saharan Africa, at 44 per cent. The report said that the highest risk to companies came from third-party relationships causing reputational damage, from which 42 per cent of British businesses suffered. Risks arising from social media activity was also high on the business agenda, with nearly 32 per cent of businesses experiencing a serious incident over the past year.

Source: The Times October 03, 2019 21:11 UTC