Fraud is no longer a distant threat — it's a boardroom issue.

UK businesses are facing a surge in fraud-related risks, from cybercrime to internal misconduct. As Andrew Herring of Pinsent Masons rightly points out, the cost of inaction is rising — not just financially, but reputationally.

Why act now?

• Fraud is evolving faster than many businesses can respond.

• Regulatory scrutiny is intensifying.

• Stakeholders expect transparency and resilience.

What can businesses do?

• Embed anti-fraud controls into governance frameworks.

• Empower whistleblowers and protect them.

• Invest in training, tech, and culture that prioritises integrity.

As someone passionate about business ethics and corporate responsibility, I believe it's time we move from reactive to proactive. Fraud prevention isn’t just a compliance issue — it’s a strategic imperative.

https://www.insidermedia.com/blogs/midlands/counting-the-cost-of-fraud-why-uk-businesses-must-act-now