PwC releases PwC Global Economic Crime Survey 2016

The UK has seen a double-digit rise in economic crime against corporates in the last two years, with 55% of organisations affected, an increase of 11 percentage points since 2014, significantly outstripping the level in countries such as the US (38 per cent) and China (28 per cent).

Globally, the economic crime rate has remained largely static at 36 per cent.

The findings are contained in the biennial PwC Global Economic Crime Survey 2016, published today, which polled more than 6,000 participants in 115 countries, including the United Kingdom.

PwC’s Global Economic Crime Survey reveals that 60 per cent of economic crime in the UK was committed by external perpetrators, up from 56 per cent in 2014. While there was a decline in the number of organisations reporting economic crime perpetrated by employees (31 per cent), there was a large increase in frauds committed by senior management which more than doubled from 7 per cent to 18 per cent.

The global report can be read here and the UK report here.