Prevent, protect, pursue – a paradigm for preventing fraud

According to the January 2010 report from the National Fraud Authority, fraud now costs the UK £30bn a year. Some 58 per cent of fraud is committed in the private sector, with tax fraud hitting £15.2bn. And, also in the private sector, financial services companies and organisations are said to suffer yearly losses of £3.8bn through crimes such as mortgage and insurance fraud, online banking fraud, and cheque and card fraud.