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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...

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