Staff Fraud

Staff fraud is increasing according to CIFAS, the UK’s Fraud Prevention Service, and the Chartered Institute of Personnel and Development (CIPD) who have launched free guidance to help employers understand the threats associated with fraud.

The guide, Tackling Staff Fraud – Guidelines for Employers, HR and Line Managers, offers advice on:- The nature of staff fraud - Why staff fraud is a growing risk - Combating staff fraud - Vetting and security screening - Internal corporate culture - Monitoring staff - Effective policies for responding to identified staff fraud - Deterring fraudsters

Research shows that identity theft has risen dramatically in recent years,the number of victims of impersonation recorded by CIFAS has grown from 16,810 cases in 1998 to 67,406 cases during 2006.

CIFAS research indicates some organisations have seen a 30% increase in the number of staff fraud referrals made to the relevant fraud department in the past year.