Computer-based crimes on the rise

Mon, Nov 15th 2010, 05:08 AM

Police are seeing an increase in electronic crime, and now a top accountant is urging companies to budget for white collar crimes as they would bad debt.
Grant Thornton's Kendrick Christie is urging all businesses to calculate realistic estimates of yearly fraud in its books going forward as a way to better prepare the company for such cases.
"In the case of The Bahamas, white collar crime has decreased in some categories," he told Guardian Business. "But a lot more people are out of work [and] the unemployment rate is very high and has affected some instances of this type of crime.
"Also a number of them are being unreported or a lot of businesses are trying to s ...

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