Fraud week

Member Article

Russell Richardson supports International Fraud Week

International Fraud Awareness Week kicks off Nov. 15, 2015 worldwide

Fraud costs organizations worldwide an estimated 5 percent of their annual revenues, according to a study conducted by the Association of Certified Fraud Examiners (ACFE). If applied to the 2014 estimated Gross World Product, this translates to a potential projected global fraud loss of approximately $3.9 trillion.

The seriousness of the global fraud problem is why Russell Richardson has announced that it will be participating in International Fraud Awareness Week, Nov. 15-21, 2015, as an official supporter to promote anti-fraud awareness and education. The movement, known commonly as Fraud Week, champions the need to proactively fight fraud and help safeguard businesses from the growing fraud problem.

Russell Richardson joins hundreds of organizations who have partnered with the ACFE, the world’s largest anti-fraud organization and premier provider of anti-fraud training and education, for the yearly Fraud Week campaign.

During Fraud Week, Russell Richardson will engage in various activities, including: special offers for confidential shredding services, posting articles and fraud prevention advice on the company website, social media and in newsletters.

“Fraud and identity theft is one of the fastest growing crimes in the UK so it is important for companies in the data protection industry to support Fraud Week by providing advice and offering solutions that can help with protecting against becoming the next victim,” said Jonathan Richardson, managing director at Russell Richardson. “Throughout Fraud Week we’ll be sharing our knowledge and offering practical advice on keeping documents and data out of the wrong hands.”

ACFE President and CEO James D. Ratley, CFE, said that the support of organizations around the world helps make Fraud Week an effective tool in raising anti-fraud awareness.

“The latest statistics tell us that fraud isn’t going away, and companies that don’t have protective measures in place stand to lose the most,” Ratley said. “That’s why it is reassuring to me to see so many businesses, agencies, universities and other organizations involved in the Fraud Week movement. The first step in combating fraud is raising awareness worldwide that it is a serious problem that requires a proactive approach toward preventing it.”

“Since our first Fraud Week more than 10 years ago, the movement continues to grow,” Ratley said. “I heartily thank all of the supporters of Fraud Week for making it what it is today.”

For more information about increasing awareness and reducing the risk of fraud during International Fraud Awareness Week, visit

About Russell Richardson

Established in 1978 as a paper recycler Russell Richardson has evolved into one of the UK’s leading document management and confidential shredding companies. Still bearing the name of the founder, Russell Richardson are very proud of their focus on customer service, sustainability, staff empowerment and job satisfaction and the fair treatment and loyalty shown to suppliers. Today, the company, still 100% controlled by the family and provides a variety of services such as on or off site document shredding, document archiving, textile and uniform destruction, hard drive shredding (on and off site), electronic media destruction and IT recycling. Russell Richardson are accredited to ISO 9001, ISO 14001, OHSAS 18001 and ISO 27001.

This was posted in Bdaily's Members' News section by Emma Moorhouse .

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