Fraud vulnerabilities and the global financial crisis / Michael Levi & Russell G Smith.

Canberra : Australian Institute of Criminology, 2011

79174

Fraud -- Australia.

This paper examines the evidence that would enable judgement of what is likely to happen to the incidence of fraud in the context of the Global Financial Crisis (GFC), whether as a result of the crisis or of other factors that coincide with it. Normally, statistical data on crime and/or cost of crime trends is examined to enable determination of whether a problem is getting better or worse. However, despite measures being developed to improve fraud statistics in Australia, these cannot be applied retrospectively to past data (especially since the last serious recession was almost 2 decades ago and the last comparable global financial crisis was in the 1930s); and fairly comprehensive Australian cost of fraud data are currently available only for one year and therefore cannot be used to show trends in the cost of fraud. Nonetheless, some useful insights can be gained from an examination of the GFC that could be used to predict fraud trends in the future and to determine how best to minimise risks of such opportunistic crime occurring in the years ahead.

Title from title caption of PDF document (viewed on June. 7, 2011)

"July 2011".

Includes bibliographical references (p. 6)

1836-2206

1 online resource.