Financial Services

Global Fraud Report 2015-16

November 23, 2015

Global

November 23, 2015

Global
Brian Gardner

Managing editor, EMEA

Brian Gardner is a managing editor for The Economist Intelligence Unit's thought leadership division in EMEA. His research has covered a range of business strategy issues focused primarily on energy and sustainability or financial services. Prior work has included consulting and research work concerning energy systems and regulatory frameworks. He holds an MBA from HEC Paris, a master’s degree in urban planning from Columbia University in New York City and a bachelor’s degree in international relations from American University in Washington, DC.

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For the eighth year running, The Economist Intelligence Unit, commissioned by Kroll, surveyed senior executives from around the world operating in a wide variety of sectors and functions in order to assess the current fraud environment.

The overall observation is that fraud has continued to increase, with three quarters (75%) of companies reporting they have fallen victim to a fraud incident within the past year, an increase of 14 percentage points from just three years ago. The number of businesses suffering a financial loss as a result of fraud has also increased, from 64% in the previous survey period to 69% this year.

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