FINANCIAL FRAUD BULL RUN

BANZAI7 NEWS--Fraud is increasing twice as fast in financial services as in other sectors, with North America particularly hit hard by the financial crisis, a survey of senior executives released on Monday shows.

Kroll, a risk consulting and security unit of Marsh & McLennan Cos, said 53 percent of financial services respondents reported a higher level of fraud, compared with only 27 percent in other industries.

The survey was conducted by a unit of The Economist Group, which publishes the magazine The Economist.