PwC: Cost cuts could leave firms open to fraud
February 1st 15:18 Cost Management
British businesses looking to cut costs in the wake of the recession could turn to effective facilities management to assist them following the publication of a new report.
Audit firm PricewaterhouseCoopers has identified green fraud and cyber-crime as "fraud frontiers" as the economy looks to recover from the economic downturn.
The organisation warned that as companies look to streamline their administration departments, they could leave themselves more open to fraud attacks.
A new generation of "malicious technologic threats" has surfaced, which PwC said are difficult to detect and remove.
The firm warned that the latest examples of malware, Conficker and Clampi are at the "bleeding edge of technical capability".
Jay Abbott, PwC director of vulnerability and threats, said: "Up until now, the motivations for infecting personal and company computer networks appeared to be down to individuals doing it 'because they could'.
"But these new programmes are characterised by longer infection times and they develop a symbiotic relationship with the host, giving outsiders a permanent foothold within computer networks."
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