Fraud, Cybercrime Up in 2011 Global Economic Crime Survey
Forty five percent of U.S. respondents reported that their organization had suffered fraud in the previous 12 months, compared to 35 percent in 2009, says the 2011 Global Economic Crime Survey.
The cost of frauds over $100,000 has increased substantially, from 44 percent to 54 percent over the two year period, with 10 percent reporting that fraud had cost their organization more than $5 million, the survey says. Cybercrime has increased considerably in recent years - 40 percent of respondents have been affected by it, making it the second most common fraud reported after asset misappropriation.