Fraud is currently the most common crime in England and Wales, accounting for almost 40% of all crimes reported. It’s estimated that the UK loses around £190 billion to fraud each year, and £1.8 billion of this figure can be attributed to housing tenancy fraud alone.
Although fraud and cybercrime are often lumped together in terms of risk management, they are distinctly different. Not all fraud is committed online, and not all online crimes involve fraud.
When you have a good organisational culture, you create an environment where employees feel invested in the company’s success and want to protect it. Because they want to protect it, they are more likely to identify and report threats.
Explore the benefits to any organisation by providing all employees and stakeholders with Fraud Awareness training.
No matter its size, location or industry, every organisation is at risk of fraud. Cash, goods and data are all considered valuable to fraudsters – nothing is off-limits.
There is a shortage of affordable housing across the UK, and the problem is only increasing. Social housing goes some way to reducing this problem by providing a lifeline to families and individuals who cannot afford to rent or buy on the open market.
Fraud within local government is an area of growing concern, particularly with what has happened across the UK with Covid-19. In this article Meritec takes a look at which key areas of fraud are on the rise, and what local authorities can do to best prepare themselves and protect its citizens to ensure that monies go to those who need them most.