Corporate corruption, fraud and bribery have significant impacts to the enterprise
The 2021 Global Fraud and Risk Report recently released by Kroll finds significant impact of illicit activity, including corruption, fraud and bribery at billion-dollar companies. More than half (53%) of U.S. respondents rank lack of visibility into third parties as their top vulnerability related to bribery and corruption risk.
The report surveyed 1,336 senior decision-makers for risk strategy, including general counsel, chief compliance officers, chief finance officers and CEOs at corporates from 17 countries. Sixty percent of the organizations have annual revenues of $250 million or more, and 34% have annual revenues of more than $1 billion.