Incidences of staff fraud are increasing year-on-year (an 18% increase alone in 2013), and hotel businesses are particularly vulnerable. After all, hotel staff handle sensitive customer data, cash and the personal belongings of guests. Hotel Industry Magazine asks CIFAS, the UK’s fraud prevention agency, for advice on how hoteliers can mitigate the risks of internal […]
Tag: Internal fraud
Internal fraud costs 3 times more than initial lose
CIFAS – the UK’s Fraud Prevention Service today releases The True Cost of internal Fraud, A report based on research conducted by the University of Portsmouth’s Centre for Counter Fraud Studies. The findings give organisations much food for thought. Link to article