PwC: prepare for boom in white collar crime

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.

Further reading:

time for white collar crime

on the increase as recession takes hold

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