Nearly half of companies worldwide say they’ve been a victim of some form of economic crime over the past two years, an increase of more than 20 percent.

That's according to a recent survey by PricewaterhouseCoopers of more than 3,600 companies in 34 countries, which showed the average financial damage to companies who experienced tangible incidents was $1.7 million. Some 40 percent of companies reported significant “collateral damage” as well, such as loss of reputation, declining business relations, and diminished morale within.


Skalak Steven Skalak, global investigations leader for PwC, said he wasn’t surprised by the number of companies reporting they had ...