Cybercrime Dominates Business Fraud Losses

Cybercrime Dominates Business Fraud Losses

Business fraud has been on a dramatic uptick over the last decade and cybercrime stands near the top of the list of losses and events that organizations are experiencing. A new report out from consulting powerhouse PwC found that the ratio of organizations who admitted to falling prey to economic crime in the past year has increased by 63% since 2008, with just under half of organizations admitting to being victims.

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