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Home » Almost 40 Percent Report Economic Crime in Their Businesses, And It Seems to Be on the Increase

Almost 40 Percent Report Economic Crime in Their Businesses, And It Seems to Be on the Increase

September 11, 2014
CFO

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.

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KEYWORDS anti-counterfeiting bribery CFO consumer packaged goods cybersecurity Data Breach Foreign Corrupt Practices Act Global Supply Chain Management hacking Regulation & Compliance SC Security & Risk Mgmt sourcing scams Supply Chain Analysis & Consulting Supply Chain Management: Supply Chain security and Risk Management
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