Global Economic Crime Survey

Asset misappropriation, bribery and corruption and procurement fraud were some of the most prevalent forms of economic crimes reported, and cybercrime is increasingly becoming a threat to organisations trying to adapt to the new digital world. The 2016 survey reveals an increase in the incidence of economic crime from the last survey from 52% of respondents experiencing economic crime in 2014 compared to 61% in 2016, which is 25% higher than the global average.

The cost of economic crime does not appear to be rising significantly but the frequency of low-cost incidences is increasing. The survey reveals that economic crime has a significant impact on reputation/brand strength, employee morale and business relations among organisations in Kenya.

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