Cifas member organisations recorded 419 instances of fraudulent conduct on our Internal Fraud Database in 2017, sharing information about members of staff or applicants for employment whose conduct has been fraudulent.
Our Insight team, led by Sandra Peaston, has analysed that data to gain a view of the types of internal fraud trends Cifas members are seeing around the UK. The resulting report, The Insider Fraud Picture, is the only publication of its kind that provides analysis of the types of internal fraud that organisations saw occurring through 2017.
The Insider Fraud Picture provides HR and recruitment professionals, fraud and financial crime investigators, law enforcement, and journalists with unique insight into internal fraud risk and fraudulent attempts made in the UK.
Key findings in The Insider Fraud Picture include:
- A 29% increase in individuals recorded for unlawfully obtaining, and disclosing personal data;
- Largest number of cases relates to individuals hiding adverse credit information;
- Most common form of dishonest action in 2017 was theft of cash from the employer, which accounted for 24% of cases in 2017 compared with 22% in 2016;
- A reduction in employment application frauds in 2017 compared with 2016, but they continue to account for a large proportion of cases filed;
- Unsuccessful employment application fraud saw a 4% reduction, whereas successful employment application fraud saw a 26% reduction.
The report also explores who commits internal fraud, looking at age, gender and company position, as well as how these individuals are identified by their employers.
To create the report, the Insight team analyse data recorded by Cifas member organisations to the Internal Fraud Database to identify the key trends in fraud behaviour. They combine this analysis with intelligence provided by our members, to gain an understanding of the methods and motives for fraudulent conduct.
Download the report today