The threats from economic crime continue to evolve. Like a virus, economic crime adapts to the trends that affect all organisations. Especially impactful megatrends include the increasing reliance on technology and technology-enabled processes in all aspects of business, and the growing movement of economic energy toward emerging markets.
With organisations increasingly depending on technology, it’s perhaps not surprising to find that cybercrime continues to increase in volume, frequency and sophistication. One quarter of all respondents report having been victimised by electronic fraud. Meanwhile, sometimes overlooked categories of economic crime—such as procurement fraud, money laundering and human resource fraud—are moving up the list of threats, alongside the historically common threats of asset misappropriation, bribery and corruption, and accounting fraud.
