A REGIONAL anti-fraud forum says businesses should work together to beat economic crime after figures showed fraud costs UK business £100m a day.
The North-East Fraud Forum launched the results of the report, which showed economic crime such as fraud, embezzlement, corruption and money laundering cost UK businesses more than £40bn last year and that the problem is getting worse.
The report showed that FTSE 100 companies alone lost an estimated £400m and all listed companies lost £2.8bn.
The chairman of the forum, Phil Butler, said the results showed that companies that had joined the organisation to beat fraud were less likely to become victims of economic crime.
He said the results showed that the partnership approach worked.
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereComments are closed on this article