Insights/Case studies/Newsroom/CareersCareersCareersPartnersConsultantsTechnology innovationCorporateEarly careersSearch Jobs/About us/Contact us Global locations

  • Phone
  • Contact us
  • Locations
  • Search
  • Menu


  • Add this article to your LinkedIn page
  • Add this article to your Twitter feed
  • Email this article
View or print a PDF of this page

Banks hiding true scale of financial fraud, MPs told

James Dean 

The Times

6 November 2014 

Dr Alastair MacWillson, an adviser to PA Consulting Group, is quoted in an article in The Times on criminals stealing twice as much money from bank accounts than banks are actually reporting. 

Alastair explains that the problem was likely to be wider than frauds involving sums of money, such as thefts of private data and corporate secrets: “So it’s very difficult to quantify. Banks are obviously reluctant to air the fact that they have a problem, but they can’t really talk about things when they have an incomplete picture,” says Alastair.


For our thinking and insights on cyber security, click here or contact us now.

Close this video
Corporate headquarters
10 Bressenden Place
London SW1E 5DN London SW1E 5DN
United Kingdom
Tel: +44 20 7333 5865 Tel: +44 20 7333 5865
contact us now


Sign-up to receive company updates and press releases by email or newsfeed:



By using this website, you accept the use of cookies. For more information on how to manage cookies, please read our privacy policy.