| According to figures being reported on the | | | | outside persons trained to ferret out these |
| Internet, corporate fraud is depriving the | | | | wrongdoings quickly and as quietly as possible as |
| economic situation in the U.K. in the area of more | | | | all cases of these frauds are bound to reflect |
| than 1.2 billion pounds a year. That number refers | | | | adversely on the corporation. |
| only to fraud being perpetrated only by | | | | If a company suspects of fraud taking place |
| employees working in the U.K. From that number | | | | internally then there are ways of tracing it to the |
| one can get just a feeling of the extent of the | | | | individual or individuals who are perpetrating the |
| fraud happening in the U.K. since the cost of | | | | theft of corporate assets. Hiring an expert in |
| employer fraud or companies fraudulent tax and | | | | computer tracking of employees who are |
| other fraud is not receiving as much attention | | | | responsible for company assets can be a quick |
| except when an entire company is charge by the | | | | method of discovering it. Matching transactions |
| government. However, the figures state that | | | | with assets missing has helped corporations to |
| around 80% of such cases in the U.K are by | | | | reveal corporate theft. Surveillance of employees |
| employees and that the rate of such wrongdoings | | | | and files being taken out along with interviews of |
| are going up especially with the recent sluggish | | | | fellow employees has uncovered workplace fraud |
| economic condition. | | | | involving the selling of a corporation's intellectual |
| Such frauds perpetrated by employees can be a | | | | properties fraudulently. |
| matter of simple theft of confidential information | | | | Some corporations have had to perform more |
| sold to other corporations like lists of customers. | | | | frequent security audits and upgrade the training |
| Other types of internal corporate fraud | | | | of their security guards to control theft of |
| committed by employees can be theft of | | | | company products. Depending on the corporation |
| products, money and even assets. A more | | | | and their reliance on computer transactions, |
| difficult type of internal fraud that is difficult to | | | | updated computer audits by trained investigators |
| prove is the theft of intellectual property. | | | | has uncovered internal fraud by employees. A |
| Appropriating other employees' ideas or selling a | | | | recent development has been to hire professional |
| corporation's latest intellectual developments is | | | | investigators to make a security risk assessment |
| also a fraud that is costing corporations valuable | | | | before beginning a new project or even if no |
| time and personnel hours to compete against | | | | actual proof of wrongdoing is available to prevent |
| themselves basically. | | | | possible breaches of security. Prevention of |
| Discovering the leak of intellectual property or the | | | | corporate fraud is becoming a big industry |
| employee who is committing theft often requires | | | | especially in the U.K. |
| an investigation that might require the services of | | | | |