UK business facing annual £98.6 billion fraud bill
Professor Mark Button, co-author of The Financial Cost Of Fraud 2015 report and director of the Centre for Counter Fraud Studies, says: “The key questions for any organisation are how much does fraud cost us, and how well are we protected against it?
“Unless you know the nature and scale of your fraud problem and whether you are properly protected against it, how can you act proportionately?”
According to the report, once the extent of fraud losses are known within a company, they can be treated like any other business cost – something to be reduced and minimised in the best interest of the financial health and stability of the organisation concerned.