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According to PricewaterhouseCoopers' 2007 Global Economic |
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Crime Survey, nearly half of all organisations that were part of the survey, reported they were victims of some form of economic crime in the past two years |
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Over a third of Romanian companies reported being victims of |
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economic crime in the past two years. On average, Romanian companies had suffered more than seven incidents of fraud each in the past two years. |
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Fraud is a very costly business. Economic crime cost the participants |
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 473K |
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in the Romanian survey a total of US$ 13.7 million in the last two years! The average cost of economic crime in Romania has nearly doubled since our last survey (from US$ 223,577 per company over a two-year period in 2005, to US$ 405,260 in 2007). |
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Romanian companies spent a total of US$ 5.5 million on managing |
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the economic crimes to which they became victim in the past two years. |
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While fraud remains intractable, most companies are confident that |
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their control measures will limit their exposure to fraud in the future. |
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| The survey interviewed senior representatives of more than 5,400 companies in 40 countries, including a number of leading companies within Romania and reveals that economic crime is universal, affecting companies of all sizes, on all continents and in all industries. |
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| Download: |
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Press Release |
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Global Economic Crime Survey 2005 |
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