Banks Prefered by Fraudsters in 2008
It looks like fraudsters have a thing for banks and have been showing this affinity in the first six months of the year. This is the conclusion of the latest Fraud Barometer released KPMG Forensic’s.
According to the barometers quoted by CRN UK, fraud has increased by 50 percent, generating 630 million pounds for fraudsters. Banks toped in losses, reporting a record amount of 350 million, with 128 fraud cases coming to court. The most frequent types of fraud were mortgage fraud, and accounting and employee frauds.
KPMG also released dark predictions for the future, stating that the figures they released are most likely to get worse, one of the causes being the full impact of the credit crunch.
