Charity reports huge rise in staff data fraud

Insider fraud is reportedly being increasingly reported in the UK:

There has been a startling rise in personal and account data being stolen from UK companies, according to the Cifas, an anti-fraud advice body.

It recorded a 63 per cent rise in staff members stealing customer data in 2010 compared with 2009. Cifas adds that many such cases may go unreported.

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Younger staff are involved in a disproportionately high percentage of fraud cases detected. The report said that 29 per cent of staff fraudsters are aged under 21, compared with only 3 per cent aged 41 to 50 with not one instance aged over 50.

Ms Medhi adds that many of the fraudsters have been recruited by criminal gangs, others look to grab data in the hope of selling it to criminals later.