Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.


Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

Survey: Economic Crime On The Upswing; More

Tammy Whitehouse | December 6, 2005

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.


Steven Skalak, global...

Buy this article for $49, or subscribe to Compliance Week for a month at $149 and get unlimited article access for 30 days.