Definition:

Internal fraud occurs when a staff member dishonestly makes false representation, wrongfully fails to disclose information, abuses a position of trust for personal gain, or causes loss to others. Internal fraud can range from compromising customer or payroll data to inflating expenses to straightforward theft. Sometimes it is an unplanned, opportunistic attack purely for personal financial gain, but sometimes it is linked to a serious and organized criminal network, or even terrorist financing.

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