More than three-quarters of respondents to a recent global benchmark report said they have conducted an internal investigation into fraud or corruption within the past three years and that the cost of such probes is on the rise.

The second part of the 2021/22 Global Fraud and Risk Report, released Monday by Kroll, surveyed 1,336 senior decision-makers for risk strategy—including chief compliance officers and general counsel—across 17 countries. Of the respondents, 78 percent said their firms conducted an internal investigation in the last three years, and 79 percent said investigations were more expensive.

Aaron Nicodemus is the Editor-in-Chief of Compliance Week. He previously worked as a reporter for Bloomberg Law and as business editor at the Telegram & Gazette in Worcester, Mass. Email: aaron.nicodemus@complianceweek.com LinkedIn:...