BDO says insurers reduce large fraud
The finance and insurance sector accounted for 27% of reported fraud in 2011, compared with 56% in 2010, according to BDO’s annual Fraud Track.
The insurance figure is its lowest percentage in the past five years. Overall fraud has grown 50%, to more than £2bn (£2 095 341 000), BDO said.
There has been a boom in reported fraud in the retail
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