Embezzlement is not just a problem for large enterprises – businesses with fewer than 150 employees were 10 times more likely to be victimized by fraud than those with 250-500 employees, according to the 2016 Hiscox Embezzlement Study.
The world is getting smaller, and corruption is no longer contained in a single location. It transcends boundaries, impacting people and businesses at multiple global touchpoints.
During the first nine months of FY 2015, the U.S. government brought 5,173 white collar crime prosecutions. If the year’s pace continues until the end of FY 2015 in September, the total will only be 6,897 – down by 36.8 percent from levels seen two decades ago, despite the rise in population and economic activity during this period, according to a report from Syracuse University’s Transactional Records Access Clearinghouse (TRAC).
New York's antiquated laws against public corruption, computer crimes and fraud -- including swindles targeting the elderly -- would be beefed up under a series of wide-ranging proposals.
