Global Economic Crime Survey 2009

November 2009

How prevalent is fraud? What is its real damage? Who perpetrates it? What are the most common problem areas? Are there really any effective ways of mitigating the risk?

PricewaterhouseCoopers has released its fifth Global Economic Crime Survey, based on interviews with senior representatives of 3,037 companies in 55 countries - 62 of these being in Belgium. The survey addresses fraud and its associated integrity risks in a period of economic downturn, unprecedented in our working lifetime. The survey looks at the root causes of economic crime, and the way in which it affects businesses.

Our Belgian Survey has found that:

  • There is a steep increase in bribery and corruption in the past 12 months. Globally though, there has been a slight decline in this area
  • The crisis has an impact on fraudulent behaviour. 53% of respondents who reported fraud believed that there had been an increase in the level of economic crime compared to 12 months ago
  • Over 24% of the Belgian companies surveyed have been faced with one or more significant cases of economic crime during the past 12 months

In almost three-quarters of cases the main perpetrator of fraud is an outside party; IP infringement, financial statement fraud and asset misappropriation are the main forms of crime that respondents believe their organisation will most likely experience in the next 12 months. Espionage and market fraud are new on companies’ radar screens.

Fraud isn’t going away and no industry is immune.

Economic Crime survey    Economic Crime survey

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