>Young Staff Commit Most Fraud
A new report has revealed that most instances of staff fraud are committed by individuals under the age of 21.
CIFAS – the UK’s Fraud Prevention Service – has released the information in its ‘Staff Fraudscape’ report, which analyses insider fraud.
Insider Fraud Trends
The report also found a 63% increase in cases of staff stealing or disclosing personal data in 2010 compared to 2009. While 29% of staff fraudsters were aged under 21, just 3% were aged between 41 and 50, and none were aged over 50. It was mostly more established members of staff committing the fraud – the average duration of employment before fraud was discovered was five and a half years in 2010.
It is believed that efforts to promote awareness of fraud among employees resulted in a 12% increase in cases being reported by staff in 2010, compared with 2009.