Employee Theft Increases Amidst Rising Cost of Living Pressures

In today's competitive and challenging economic landscape, employees are facing increasing financial burdens due to rising costs of living. Unfortunately, this mounting pressure has led to an alarming surge in employee theft.

The City of London Police’s Insurance Fraud Enforcement Department* (IFED) reporting cases of opportunistic fraud jumped by 61% between March 2022 and April 2023 compared to the same period the previous year, in addition, Zurich** reports specifically that theft at work in England and Wales alone has increased 19% as cost-of-living pressures increase.

This article explores the factors contributing . . .

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