Belgian businesses are increasingly falling victim to cyber-crime. The trend is revealed by PwC’s ‘Global Economic Crime Survey 2011’. This bi-annual study, now in its sixth edition, in which 3,877 organisations have taken part worldwide, investigates fraud occurring within businesses and other organisations as committed both by staff and by customers and suppliers.
In Belgium, 84 undertakings, including 36 listed companies, participated in the survey. Of the Belgian organisations faced with economic fraud in the past year, no fewer than 44% (23% globally) said that they’d fallen victim to cyber-crime. Misappropriation of assets continues to be the most common form of economic crime here just like elsewhere in the world.
A further striking conclusion from the survey is the great divide between perception and reality: businesses under-estimate their vulnerability and fall victim to economic fraud more often than they imagine. It continues therefore to pose a stubborn problem, and not a single sector is spared. Which is why businesses have to protect themselves better, given that the economic damage being done is enormous. For 1 in 10 companies (worldwide) that were faced with cases of economic fraud in the last 12 months, the losses topped five million dollars.
Please click the following links to see the different reports:
- Global report: http://www.pwc.com/crimesurvey
- Local reports: http://www.pwc.com/gx/en/economic-crime-survey/country-supplements.jhtml
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