Author: Saryu Nayyar

Fraud occurs every day across a variety of industries, causing trillions in losses each year. While financial services and banking are among the hardest-hit industries, other frequent targets include retail, health care, information technology, government/public administration and utilities. In some segments, fraud has reached the highest levels on record, affecting more organisations than ever. The pervasiveness of the problem was revealed in a recent survey by PwC. 49 percent of the businesses contacted by PwC for its 2018 Global Economic Crime and Fraud Survey reported they had experienced fraud and economic crime over a two-year period. But what about the other 51% of organisations? Did…