INSIDERS KEY TO USD42 BILLION LOST TO FRAUD OVER TWO YEARS, SAYS PWC
March 2nd, 2020
Workplace insiders were linked to 57% of the USD42 billion that companies worldwide lost to fraud over the past two years either directly or through collusion with outsiders, according to PwC’s latest Global Economic Crime and Fraud Survey, ‘Fighting fraud: A never-ending battle’. External perpetrators were responsible for 39% of fraud, said PwC. While internal perpetrators working without outside help were responsible for 37% of cases, an additional 20% of cases involved insiders and outsiders colluding – the report did not say who was responsible for ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.