A third of NZ organisations victimised by fraud in past two years: PwC

A third of NZ organisations victimised by fraud in past two years: PwC

2014 Global Economic Crime Survey reveals the ‘Big Five Frauds’ affecting local businesses, and profiles the typical fraudster.

One-third of New Zealand businesses have been victimised by fraud in the past two years, and 70 per cent of these were committed by insiders, reports PwC.

The ‘Big Five Frauds’ affecting local businesses are theft (70 per cent); procurement fraud (19 per cent); bribery and corruption (15 per cent); human resources fraud (15 per cent); and cybercrime (11 per cent), says PwC in its 2014 Global Economic Crime Survey.

How to spot the culprits? PwC says the typical New Zealand fraudster is aged 31 to 40 (32 per cent), male (58 per cent), educated to high school level or less (47 per cent), and has been with the company for five years or less (74 per cent).

Next: How does New Zealand compare with Australia, globally?

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Tags cybercrimePwCGlobal Information Security Survey 20142014 Global Economic Crime Survey

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