Fraud carried out against corporations by their own managers or staff accounted for 80% of all fraud-related financial losses in UK firms last year.
According to KPMG’s Fraud Barometer study the combined value of employee fraud cases has increased from £12 million to £21.1 million in the last year.
The number of cases involving employee fraud has increased from 22 in 2011 to 35 in 2012.
In some cases the fraud has been so extreme that companies have entered administration causing all other members of staff to loose their jobs.
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