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Fraud-related losses rose 20 percent to $1.7 billion in the past year, Kroll study says
Incidence of theft of information and electronic data at global companies has overtaken physical theft for the first time, according to a study released yesterday.
According to the latest edition of the Kroll Annual Global Fraud Report, the amount lost by businesses to fraud rose from $1.4 million to $1.7 million per $1 billion of sales in the past 12 months — an increase of more than 20 percent.
The findings are the result of a study commissioned by Kroll and conducted by the Economist Intelligence Unit, which surveyed more than 800 senior executives worldwide.
To read more: Incidence Of Cybertheft Surpasses Incidence Of Physical Theft
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