Fraud set to rise during crunch

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Fraud set to rise during crunch

More cases of fraud are being seen as a result of increasing personal debt, it has been claimed. Business fraud has rocketed because of the troubled economic conditions and the credit crunch, something that may interest those with personal loans. The financial industry saw a large proportion of the problem, with 90% of all fraud witnessed here in the opening six months of the year. It has been noted that businesses are yet to control the trend and that even more worrying is the fact that the actual figures could be even higher. Commercial organisations of all types and size throughout the UK are failing to get to grips with the fraudulent activity of their staff. Any losses that may have occurred in the rogue trading sector have also not been taken into account. Last week, the Times said that people are increasingly having to rely on payday loans because their cash is running out before their salary comes through at the end of the month.

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