Global Fraud Report – 2009/2010
(CC) Arenamontanus/Flickr
Kroll and The Economist Intelligence Unit have conducted a worldwide survey on fraud and its effect on business during 2009. A total of 729 senior executives took part in it. The report highlights that financial services have clearly been hardest hit by fraud and wrongdoing. Over half of the respondents in this sector reported that the global financial crisis has increased levels of fraud at their companies. However, the financial crisis has changed the effects of the risks underlying fraud. Yet the incidence of fraud is almost identical to that found in last’s year’s survey, and the average loss per company has risen only slightly in the new survey, from $8.2 million to $8.8 million.
Read the full-text on the web.