Kroll 2017/18 Kroll Global Fraud & Risk Report, in its 10th annual edition, is now available to download here.
Fraud, cyber, and security risks are at an all-time high, according to the 2017/18 Kroll Annual Global Fraud & Risk Report which surveyed 540 senior executives across multiple industries worldwide. The proportion of executives reporting that their companies fell victim to at least one instance of fraud over the past 12 months increased to 84%, from 82% in the previous survey. Levels of reported fraud have steadily risen every year since 2012, when the reported occurrence was just 61%.
In China, 86% of respondents experienced fraud incidents in the past 12 months, 2 percentage points above the global average of 84%. The most common types of fraud experienced were vendor, supplier, and procurement fraud (29%) as well as corruption and bribery (29%), significantly higher than the global averages of 20% and 21% respectively.