The results of this year’s Survey are dramatic: both US and global rates of reported fraud are at all-time highs. Explore the trends and what you can do to prepare, respond and emerge stronger from fraud and economic crime.
US companies hit by fraud in the past 24 months
US organizations were asked to pay a bribe
4 in 10
Frauds are committed by internal actors
Senior management most likely internal perpetrator
7,228 global organizations. 123 countries. Record high response rate and surprising trends. What does all of this valuable data and insight tell us? Company experiences of fraud are on the rise. An ascent driven by escalating global awareness of fraud, a more robust response rate, and greater clarity around what ‘fraud’ actually means. Every organization, of every size, in every industry – no matter how vigilant – is vulnerable to blind spots. What steps can companies take today to pull fraud out of the shadows and move boldy ahead, stronger than before?
Damage from economic crime goes far beyond financial loss. Today, there’s amplified danger of damage to a company’s reputation. With public expectations of companies (and their business partners) at an all-time high, even a small matter can blow up into a large and consequential issue in the public eye.
You want to look forward at fraud and economic crime trends and expectations, charting a course for how your organization may improve your fraud-fighting efforts. You want to shed light on how other companies manage current business threats, how they prioritize various opportunities and risks, and their outlook on developments -- to know how you stack up and what new strategies and practices you can consider. If you’d like more information on Global and US Economic Crime and Fraud trends, or to talk about how you compare to your peers, contact us to request a meeting.