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News | Tag: bankers blanket bond

Bankers Blanket Bond: A shield against rising occupational fraud

December 06 2024 By Reinsurance Solutions bbb insurance, bankers blanket bond

Global financial institutions recorded a staggering 40% increase in occupational fraud between 2018 and 2022* while worldwide occupational fraud losses topped $42 billion** last year. Occupational fraud, perpetrated by employees within the organisation, poses a significant threat to the banking sector. Such misconduct, if left unchecked, can have far-reaching consequences, potentially leading to substantial financial losses and reputational dam...