In this edition, we take a closer look at the issues that Kroll is most frequently asked to investigate, and the variations in the nature of the threat across different regions. Four important themes emerge:
- Theft of information and electronic data overtakes physical theft for the first time as the most frequently reported fraud.
- Fear of fraud is dissuading 48% of companies from operating in other countries. China and Africa are the geographies most affected, with corruption identified as the greatest concern.
- Companies appear unprepared for heightened Foreign Corrupt Practices Act (FCPA) enforcement and the impact of the UK Bribery Act. For example, only one third of respondents with a presence in the United States or United Kingdom felt the laws applied to them.
- Fraud is largely an inside job across all geographies and industries. Some 44% of respondents attributed fraud to employees and a further 11% identified agents or intermediaries as the key perpetrators.
Posts
