It has been an eventful 12 months in the international fraud arena. Crowe’s ‘2019 The Financial Cost of Fraud Report’, indicates that fraud has cost the global economy £3.89 trillion in the last year, with losses having risen by 56% in the last 10 years. A key international contributing factor to this figure, is the rise of cyber criminality and abuses. According to the ‘PwC Global Economic Crime Survey’, 26% of global frauds now have some form of cybercrime element to them. This is unsurprising with the introduction of disruptive technologies such as Blockchain, cryptoassets and The Internet of Things. It is now vital that we adapt to the wave of change impacting our sector, lest we are left behind by ‘The March of Technology’. However, this is but one of the numerous developments that have played a part in sculpting the Fraud, Asset Tracing & Recovery landscape as we head into 2020. Read more