PwC: prepare for boom in white collar crime
Workplace fraud more common in lean times
PricewaterhouseCoopers is warning its clients to be on the lookout for signs
of fraud and other ‘white-collar’ crimes in the workplace.
Partner Andrew Gordon says the pressure to maintain sales targets and bonuses
in shrinking markets can provoke unscrupulous behaviour.
PwC has published a white paper on the changing nature of fraud risks. The
firm predicts an increase in data theft by criminal organisations, collapses of
fraudulent investment schemes and a rise in numbers of ‘rogue traders’ within
the treasury function of big companies.
It also predicts a rise in fraudulent behaviour at the management level,
including the manipulation of non-financial data such as customer numbers in
order to paint the business in a more favourable light to investors.