In a survey of senior representatives of more than 3,400 companies in 15 Western and Central European countries, PricewaterhouseCoopers have analysed the perceptions, incidences and impact of economic crime on business.
The European Economic Crime Survey 2001 found that 42.5% of major European organisations have suffered serious economic crime over the last two years, costing them, on average, 6.7 million Euros.
The survey revealed that 58% per cent of these were frauds discovered by accident and only one-in-five organisations have been able to recover more than 50% of their losses. Over 70% of organisations believe future fraud risks will be the same or greater.
