Those reporting economic crimes represented a 3 percent increase on 2011, when PwC conducted its previous survey. Asset misappropriation, procurement fraud, bribery and corruption, and cybercrime were the four most reported of 14 economic crimes.
“Economic crime remains a fundamental fact of life for every segment of the global business community - and is a persistent threat to business and business processes,” PwC concluded.
The firm surveyed 5,128 respondents from 99 countries. Of that sample, 50 percent were senior executives, 35 percent represented listed companies and 54 percent represented organizations with more than 1,000 employees.
Enjoy curated articles directly to your inbox.