How much does fraud cost, and what’s the collateral damage?
Almost 1 in 10 of those respondents who said they had experienced economic crime in the last twelve months reported losses of more than US$5 million
The direct cost reported by those who had been victims of bribery and corruption was much higher – almost 1 in 5 of them lost more than US$5 million on average.
- Collateral damage (percentage of those who experienced economic crime in the past 12 months):
- Damage to employee morale 28%
- Damage to reputation/brand 19%
- Damage to business relations 19%
