Fraud risk is on the rise

Wednesday 16th April 2008, 2:30PM BST.

BUSINESSES must be more vigilant about the increasing risk of fraud, a security expert has warned.

Cases such as the recent McCarthy trial, at which a NatWest employee was jailed for stealing almost £10,000 from her employer, are just the tip of the iceberg, said Ernst & Young’s Carl Ceillam (pictured).

‘There are enough stories in the news, but there are many others that don’t make the news. We know of other local businesses which have also been the victim of fraud from overseas. The problem won’t go away – rather, it is expected to get worse.’