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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
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Mete Feridun Chair at EMU Centre for Financial Regulation and Risk
22 October
Alex Kreger Founder and CEO at UXDA Financial UX Design
21 October
Robert Kraal Co-founder and CBDO at Silverflow
20 October
Stanley Epstein Associate at Citadel Advantage Group
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