PwC’s Global Economic Crime and Fraud Survey 2022

Protecting the perimeter: The rise of external fraud

​The recent PwC's Global Economic Crime and Fraud Survey, gathered opinions from 1,296 respondents globally, including Mauritius, on how their respective businesses are reacting to emerging economic and fraud attacks.

The findings in a nutshell

PwC’s Global Economic Crime and Fraud Survey 2022

Download the full report

Our take on the local business landscape

Significant policies, trainings, and internal controls over the years have helped local businesses to weather down the impact of fraud. But with new ways of working as a result of the pandemic, new threats are emerging in organisations both internally and externally.

In 2021, we saw a distinct shift in the cyber threat landscape, with ransomware using current affairs as baits, supply chain attacks, phishing and impersonation becoming the most significant cyber threat faced by businesses globally and in Mauritius.

Preventing and detecting financial crime is quickly becoming one of the biggest challenges for institutions following the growing complexities in business processes, technologies, products and regulatory regimes, impacting the risk exposure of organisations.

These occurrences re-emphasise the need for cybersecurity and financial crime controls to be part of Boards' strategic conversations to preserve and protect businesses' assets against fraudsters

Key actions to protect your business' parameters

Understand the end-to-end life cycle

Identify where opportunities exist for a fraudster to exploit customer-facing products and cause financial, legal or reputational damage.

Strike the proper balance

Good user experience and effective fraud controls are both achievable, through the right combination of fraud technology, strategy and processes.

Orchestrate data

Consolidate data from disparate, disconnected systems into a centralised platform that can track the end-to-end life cycle of users (fraudsters or not) and generate meaningful alerts.

Access the full report

This year's Global Economic Crime and Fraud Survey enquired about businesses' attitudes towards fraud, financial and economic crime in the current environment. The survey, our first snapshot of 2022, homed in on fraud trends and conduct risk.

We invite you to read more on our website and the full report. 

Download here

Contact us

Vikas Sharma

Vikas Sharma

Partner, Cybersecurity & Privacy, PwC Mauritius

Tel: +230 404 5015

Rajeev  Basgeet

Rajeev Basgeet

Partner, Business Recovery Services, Forensics and Financial Crime, PwC Mauritius

Tel: +230 404 5148

Ashwina  Pittea

Ashwina Pittea

Managing Associate, PwC Legal

Tel: +230 404 5000

Ariane Serret

Ariane Serret

Senior Manager, Clients and Markets Development, PwC Mauritius

Tel: +230 4045029

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