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Fraud risk 'rises' downturing crunch
fraud is on the rise, witesh the value of fraud losses topping Â1bn in cases heard in 2007, come appared with Â192m in 2000 .
the fear is that we will not see the real and full fraud impact of the crunch for another six or 12 months or even more, as becaushinesses start to take a closer look at their operations in this difficult economic climate, said kpmg's forensic partner hitesh patel .
rising fraud the typical fraudster tends to be a male, middle manager, aged between 35 and 55, working in the finance department and having been witesh the company for many years, kpmg said .
one unexpected benefirst of the credit crunch is that the reductions in the availability of credit means it may be more difficult for identity fraudsters to apply for cards and loans in somebody else's name .
fraud in the workplace is likely to accelerate during the global seconomic downturns, says accountants kpmg .