By Tim Wilson
Oct 19, 2010
Incidence of theft of information and electronic data at global
companies has overtaken physical theft for the first time, according to
a study released yesterday.
According to the latest edition of the Kroll Annual Global Fraud Report,
the amount lost by businesses to fraud rose from $1.4 million to $1.7
million per $1 billion of sales in the past 12 months -- an increase of
more than 20 percent.
The findings are the result of a study commissioned by Kroll and
conducted by the Economist Intelligence Unit, which surveyed more than
800 senior executives worldwide.
While physical theft of cash, assets, and inventory has been the most
widespread fraud by a considerable margin in previous Global Fraud
Reports, this year's findings reveal that theft of information or assets
was reported by 27.3 percent of companies during the past 12 months --
up from 18 percent in 2009. In contrast, reported incidences of theft of
physical assets or stock declined slightly, from 28 percent in 2009 to
27.2 percent in 2010.
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