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Study: Business Fraud, Cybercrime On the Rise; C-Suite Unprepared

Fraud and cybercrime are on the rise, but the C-Suite is still unprepared. According to the 13th EY Global Fraud Survey, Overcoming Compliance Fatigue: Reinforcing the Commitment to Ethical Growth, U.S. respondents reported that the fraud incidence rate doubled to 16 percent from 8 percent over the last two years.

The survey, including in-depth interviews with more than 2,700 executives in 59 countries, showed that nearly 40 percent of all respondents believe that bribery and corruption are widespread in their country.

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