Join the Community

21,959
Expert opinions
44,065
Total members
413
New members (last 30 days)
154
New opinions (last 30 days)
28,667
Total comments

White Collar crime now in 'Starbucks' league!

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

External

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.

Join the Community

21,959
Expert opinions
44,065
Total members
413
New members (last 30 days)
154
New opinions (last 30 days)
28,667
Total comments

Trending

Karla Booe

Karla Booe Chief Compliance Officer at Zeta Services Inc.

Decoding the US Regulatory Landscape for AI Adoption in Banking

Kyrylo Reitor

Kyrylo Reitor Chief Marketing Officer at International Fintech Business

Future of SPI in Poland

Now Hiring