Financial crime losses in Germany

Companies in Germany lost an average of $11.7 Million (8.4 Million Euros) between the year 2009 and 2011, according to a survey by PricewaterhouseCoopers.

50 percent of responding companies reported falling victim to embezzlement, fraud, corruption, industrial espionage and other financial crimes, compared to 61 percent in the 2009 report. However, in the 2009 report, the average financial crime losses reported by the companies was 5.6 million euros.

(See money laundering statistics.)

Source: Ben Knight, “Financial crime becomes less frequent, but more damaging,” Deutsche Wells, October 27, 2011.