2016 Publications

 UK economic crime figures show both fraudsters and fraud schemes are maturing.While the majority of economic crimes are committed by external parties, a significant percentage of frauds are still being carried out by employees. We’re also seeing that the ‘typical’ fraudster is getting older and more senior, making it more difficult than ever to detect wrongdoing. The challenge for businesses, then, is to minimise the opportunities to commit economic crime and ensure that there is a robust fraud risk assessment framework in place. This means keeping up-to-date on new threats and new ways to prevent, detect and respond effectively to those threats.

Open Publication

This guide is for trustees and senior managers of charities in England and Wales as well as their professional advisors. It highlights the main learning points from the first national conference on charity fraud held in late 2015, and provides signposts to extra sources of information, support and best practice. It concludes with a summary of top tips for preventing, detecting and responding to fraud.

In this report published on 5 February, the National Audit Office (NAO) congratulated the Competition and Markets Authority (CMA) for “significant progress” in improving how the UK’s competition regime works confirming that, it is now “more coherent than ever”. However, it calls for further action to step up the flow of successful enforcement cases and the need for greater awareness amongst business of competition law. Flexibility of resourcing and greater co-operation to secure a coherent approach across the regime is called for.

Open Publication

UK small businesses are underestimating the impact a cyber attack could have on their reputation and must take steps to protect it, according to the findings of the Small Business Reputation and the Cyber Risk report, by the Government’s Cyber Streetwise campaign and KPMG. What’s clear is that protecting business’ data not only helps secure reputation, but puts small businesses in a strong and competitive position to offer the service that customers now expect. Companies failing to adequately protect their data from cyber breaches don’t just put a few documents at risk. Losing valuable data can have a lasting and devastating impact on a company’s finances, customer base, ability to grow – and ultimately its reputation.

Open Publication

For Safer Internet Day 2016, 1,512 young people aged 13-18 years took part in an online survey conducted by ResearchBods to explore young people’s attitudes, experiences and responses to positives and negatives online, particularly exploring the role of the internet in facilitating rights and promoting empowerment, while also potentially facilitating online hate. The findings demonstrate both the positive and negative side of the internet, and the role that young people are playing in helping to create a kinder and more inclusive internet. Young people want to see a kind and inclusive internet – and they are playing their part to help create that

Open Publication

The potential for cybercrime has grown dramatically over the past few years as cyber criminals constantly adopt more profitable, effective and efficient tactics. Cybercrime is on the rise, not only in the number of attacks but also in its severity. In the UK cybercrime costs businesses £34 billion per year, including £18 billion from lost revenue.* In our experience, organisations are still unprepared to deal with different types of attacks and are at best aiming to mitigate the risk, rather than preventing attacks in the first instance.

Open Publication

The bi-annual KPMG Fraud Barometer releases identify the latest fraud trends and patterns affecting the UK economy which helps us remain alert to new threats and respond to fraud risks in an appropriate and proactive manner. The data for 2015 shows that, nationally, fraud was marginally up on the previous year up to £732m from £717m in 2014.

Open Publication

 This report represents the culmination of the Taskforce’s year-long review into insurance fraud. In it, the Taskforce explores relevant issues including the scale and impact, regulators and legal frameworks and what has already been done to tackle fraud, before making a range of targeted recommendations. These recommendations are aimed at specific issues identified by the Taskforce and all contribute to the overall objective of reducing overall levels of fraud, ultimately reducing costs for consumers.

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/492980/PU1817_Insurance_Fraud_Taskforce.pdf