In its half year Fraudscape report, Cifas has revealed in the range of external and internal fraud risks faced by organisations. These substantial and growing threats come against a backdrop of additional legal requirements for organisations to put ’reasonable procedures’ in place to prevent fraud.

Between January-June 2023, Cifas members recorded just over 186,500 cases of fraudulent conduct to the National Fraud Database. Particularly notable within these numbers is the scale and growth in attacks on both customers and companies.