Articles & themes of the Annual Global Fraud Report
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3. Summary
Krolls third Annual Global Fraud Survey, commissioned by Kroll
and conducted by the Economist Intelligence Unit surveyed over 700
people.
Theincidenceof fraud is almost identical to that found in last
years survey, at 85% per cent of respondents, and theaverage
lossper company has risen only slightly in the new survey, to $8.8
million from $8.2 million.
Those dangers which grow as companies expand entry into new
markets, staff turnover for example have declined in
importance.
The downturn, however, has heightened other risks. Pay
stringency in the face of lower revenue, cost cuttings on controls,
for example, has provided a motive for fraud.
Larger companies those with over $5 billion in annual sales
reported greater average losses, up to $25.8 million from $23.3
million in 2008, the situation improved for smaller business those
with yearly revenue under $5 billion dropped to $4.6 million from
$5.5 million.
4. Different sectors have seen different levels of fraud this
year 5. Sectors 6. Shift in those perceiving fraud as more or less
prevalent 7. because drivers of fraud have reduced expansion on
hold 8. Different sectors are vulnerable to different threats 9.
The types of threats from fraud remain similar over time 10.
Europe, Middle East/Africa have seen increase in fraud; elsewhere,
falling or static prevalence and loss 11. Planned countermeasures
(% of respondents planning on undertaking countermeasures against
fraud in next year) 12. Themes in the Global Fraud Report
2009/10
Credit card and ID fraud
How technology is helping and hindering the fight against
fraud
Understanding emerging market risks and rewards
How regulations and laws are affecting fraud risks
