KPMG: FIRMS FAILING TO USE TECHNOLOGY AGAINST FRAUD
June 1st, 2016
Companies worldwide are failing to use technology to combat fraud, even though it is a “significant enabler” for 24% of the 750 fraudsters involved in white-collar crimes across 81 countries assessed by KPMG’s ‘Global profiles of the fraudster’ report. KPMG found 65% of fraudsters are employed within the company they defraud, 38% for at least six years, 35% at executive or director level and 44% with unlimited authority allowing them to override controls. The report found fraudsters were likely to have colluded with others in 62% of frauds, which was ...
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