Fraud in businessFraud in business: an expensive hobby

Fraud is a deliberate misrepresentation of evidence which causes another person or organisation to suffer damages, usually monetary losses. There are at least as many types of fraud as there are types of people who commit it. Fraud costs the economy an enormous amount. Fraud happens when somebody uses deception to obtain goods, services or money.

Fraud is one of businesses biggest plagues that can unknowingly cripple the organisation if not detected and eradicated. The dictionary meaning of fraud is a criminal deception, dishonest trick, impostor, disappointing person, etc.

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