Menu6/12/18: PwC’s 2018 Global Economic Crime and Fraud Survey has its usual share of revelations. First, 49% of the organizations it surveyed around the world reported that they had been the victims of fraud and economic crime. Perhaps even more alarming: 52% of all frauds are committed by people inside the organization. The report drills into those and other numbers, aiming light at “the biggest competitor you didn’t know you had,” in the words of PwC. The whole report is good and worth reading but particularly useful is the section that advises companies to “invest in people, not just machines” as an essential element in fighting fraud. You can download the full report by filling in a very brief registration. It’s worth the few seconds needed for that task.
