Fraud’s Impact to Global Businesses in 2013

According to the 2013 Global Fraud Report, 70 percent of global companies surveyed by risk consulting firm Kroll were victims of a fraud attack. The number of companies receiving an attack was up from 61 percent in 2012.

The companies faced on average 2.3 different types of fraud that affected 1.4 percent of revenue. One in ten companies surveyed reported that fraud cost their companies over 4 percent of revenue.  The theft of physical assets was the most common type of fraud, with 28 percent of companies falling victim.

14 percent of companies fell victim to bribery and corruption in 2013, compared to 11 percent in 2012. The theft of intellectual property affected 11 percent of companies, and money laundering cases affected 3 percent of companies.

Source: “2013/2014 Global Fraud Report,” Kroll, October