In
the Global Economic Crime Survey 2016 Report, cybercrime climbs to the second most reported economic crime affecting 32 % of organisations, while at the same time close to 60 % of the surveyed organisations do not even have a cyber incident response plan in place.
A global economic crime survey by PwC looked into the effect of TBML on businesses and organisations and noted that «the onus is now squarely on the shoulders of the business community to protect itself, and its stakeholders, from economic crime».
Adding to the concerns are other economic problems including a high unemployment rate of over 25 %, the recent demise of the country's VBS Mutual Bank amid a «severe liquidity crisis,» as well as the highest rate of economic crime (77 %) in the world, according to PwC's biennial
Global Economic Crime Survey.
Not exact matches
Crimes in cyberspace will cost the
global economy $ 445 billion in 2016 — more than the market cap of Microsoft ($ 411 billion), Facebook ($ 314 billion) or ExxonMobil ($ 332 billion)-- according to an estimate from the World Economic Forum's 2016 Global Risks R
global economy $ 445 billion in 2016 — more than the market cap of Microsoft ($ 411 billion), Facebook ($ 314 billion) or ExxonMobil ($ 332 billion)-- according to an estimate from the World
Economic Forum's 2016
Global Risks R
Global Risks Report.
The World
Economic Forum predicts that
crimes in cyberspace will cost the
global economy $ 445 billion this year.
Abuja, Nigeria — A major oil deal struck by ExxonMobil with the Nigerian Government is being investigated by Nigeria's
Economic and Financial
Crimes Commission, a law enforcement agency that investigates high - level corruption,
Global Witness reveals today.
A major oil deal struck by ExxonMobil with the Nigerian Government is being investigated by Nigeria's
Economic and Financial
Crimes Commission, a law enforcement agency that investigates high - level corruption,
Global Witness reveals today.
It is the first in a series on a comparative research project conducted by the University of Luxembourg and is based on papers that were presented at the 2014 conference on «
Global Challenges in the Field of
Economic and Financial
Crime in Europe».
«If a new corporate offence of failing to prevent
economic crime is introduced in the UK, it will represent a huge expansion in corporate criminal liability,» said Terry FitzGerald, Head of Commercial D&O and Financial Institutions, UK at Allianz
Global Corporate & Specialty.