Mitigating fraud risk as recession bites

With the UK on the brink of recession, firms are likely to see a heightened risk of fraud in the coming months. External fraudsters are a danger, but internal threats are also a concern – such as employees struggling with the cost-of-living, or looking to deflect from dwindling business performance. Insurers are alive to these challenges and will be placing increased scrutiny on firms when it comes to fraud risk. For that reason, it’s vital that firms ensure their risk mitigation measures are up to scratch.