UK businesses are now fighting more fraud than ever before, according to new research from KPMG. January to June 2011 saw UK fraud reach £1.1bn, from £609m during the same period of 2010. The research found that whilst the greatest burden of fraud, by value and number of cases, has been borne by Government agencies, the private sector is also under intense attack.The analysis found that the average case value of private sector fraud has jumped from £2.5m in January – June 2010, to £4.2m for the same period this year.The majority of fraud is committed by professional criminals, the research found, with fraud perpetrated by criminal gangs rising 107% in the first half of 2011.
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