Study spotlights NFP crime threat in Australia

Do you think you are being stolen from?

Would you know if you were?

Asset theft, it could be happening to right under your nose. in about a quarter of cases, the perpetrator was either a staffer or a volunteer.

Yet nearly two-thirds of those crimes are not reported to police, according to survey results, and just one in five is reported to an insurance company.

The Institute of Community Directors Australia’s latest Spotlight Report examines the impact of fraud and cybercrime on NFPs.

Whistle blowers are the biggest reason for people being caught with stats showing other serious crimes, such as payroll fraud, bribes, data theft or ransom, or expenses fraud were reported by less than 3 per cent of organisations.