SAFETY IN
egardless of one’s political lean- ings – and despite, at the time of writing, having no way of knowing the outcome of the general
election on May 7 – it is difficult not to feel a tinge of sympathy for Ukip leader Nigel Farage. While David Cameron, Ed Miliband and Nick Clegg – not to mention the SNP and the Greens – have spent the past few months slugging it out in traditional pre- election style, Farage has done his level best to enliven the hustings. His band of (alleged) “fruitcakes, loonies and closet racists” have not let him down, making front-page news on an almost daily basis. For all the wrong reasons. Jonathan Stanley, due to contest
Corporate cards can provide an excellent line of defence against financial wrongdoing, from minor expense fraud to potentially much more serious cyber-crimes
NUMBERS R
it. In the meantime our Nige was left to stage a few pint-in-hand photo-opps and figure out if he could blame the Bulgarians. While it still grabs the headlines when
politicians are involved, employee expense fraud is rapidly becoming the least of corporate worries. In the first place, the opportunities for fiddling one’s expenses are increasingly scarce. Among the most common diddles, inflated mileage allow- ance claims are easily spotted by today’s technology, and most taxi fares can now be paid with a corporate card and checked against the statement.
Westmorland and Lonsdale, quit the party because of what he called “open racism and sanctimonious bullying” within the party. Stephen Howd, the party’s parliamentary hopeful in Scunthorpe, was suspended over allegations of harassment. And then, in March this year, The Sun
newspaper published a video that appeared to show Christine Hewitt, chief of staff to Ukip MEP Janice Atkinson, (allegedly) asking a Margate restaurant to provide an inflated invoice for (allegedly) £3,150 instead of the true (allegedly) £950 cost of the function. Allegedly. Atkinson, who was also a parliamentary candidate for Folkestone and Hythe, has since been expelled from the party. She has said she is “deeply disappointed” by this decision, and fully intends to appeal
28 BBT CORPORATE CARDS SUPPLEMENT 2015
CYBER THREATS From an employer’s perspective, the real – and much larger – threat is external rather than internal. Earlier this year, it was reported that a gang of hi-tech hackers had infiltrated the computer systems of more than 100 financial institutions worldwide and relieved those institutions of something like £650 million. British banks alone are thought to have lost tens of millions of pounds in what is said to be the largest ‘cyber-crime’ ever discovered. It is not known which financial institutions fell victim to the heist, but financiers are notoriously backward in coming forward about their security breaches, thus spread- ing the reputational damage across the entire sector instead of ’fessing up. Financial institutions have incredibly sophisticated security systems, far above and beyond what would normally be found in a non-banking company. If the
In association with
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