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The latest Pricewaterhouse Coopers Global Economic crime survey released last week confirms our worst fears. The stinging economic recession has taken economic crime to the 'classes'. Middle and upper managers are 'forced' to take to crime to sustain their lifestyles cultivated in boom times. With the recession taking a heavy toll of staff leading to lax controls and monitoring, we are looking at a 'super white' collar crime wave.
The fraudsters now seem to be coming from any class of life and any financial standing.
At this rate, there may be more on the other side of the fence - perpetrators than victims!
You can go through the entire report here http://www.ukmediacentre.pwc.com/Content/Detail.asp?ReleaseID=3444&NewsAreaID=2
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Sam Boboev Founder at Fintech Wrap Up
14 September
Dmytro Spilka Director and Founder at Solvid, Coinprompter
12 September
Naina Rajgopalan Content Head at Freo
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