The dawn of proactivity
Countering threats from inside and out
of South African (SA) organisations said they've been victims of economic crime and fraud
of SA respondents said losses due directly to their most disruptive fraud could reach US$ 1M
of all frauds are perpetrated by people inside South African (SA) organisations
of SA respondents that suffered economic crime indicated that they experienced cybercrime
The South African edition of PwC's Global Economic Crime and Fraud Survey finds that economic crime continues to disrupt business, with this year’s results showing a steep incline in reported instances of economic crime in South Africa - with 77% of South African organisations saying that they have experienced economic crime in the past two years.
Beyond offering valuable data on the evolution and current state of fraud among our nearly 300 respondents from South Africa alone, this year’s Global Economic Crime and Fraud Survey sheds much-needed light on some of the most important strategic challenges confronting every organisation - from compliance, culture and crisis response to new perspectives on accountability, technology and cybercrime.
We hope that this report will help shed light on these areas, areas that organisations have stopped seeing and will prompt them to take a closer look and identify the gaps that exist. Our wish is for awareness to be further heightened and for a new dawn to break - the dawn of proactivity in the fight against economic crime.
PwC's 2018 Global Economic Crime and Fraud Survey finds that 49% of global organisations say they've experienced economic crime in the past two years. But what about the other 51%?