For the eighth year running, The Economist Intelligence Unit, commissioned by Kroll, surveyed senior executives from around the world operating in a wide variety of sectors and functions in order to assess the current fraud environment. The overall observation is that fraud has continued to increase, with three quarters (75%) of companies reporting they have fallen victim to a fraud incident within the past year, an increase of 14 percentage points from just three years ago. The number of businesses suffering a financial loss as a result of fraud has also increased, from 64% in the previous survey period to 69% this year.
The report reveals some key trends:
- Firms feeling more vulnerable to fraud
- The globalization of business increases fraud risk
- The threat from within is on the rise