PwC has released the Australian results of its 6th Global Economic Crime Survey. The survey, conducted in conjunction with INSEAD Business, has been conducted every two years since 1999 and in Australia since 2001. It is one of the largest and most comprehensive surveys of its kind. The global and Australian surveys were last released in 2009.
Since the last survey the world has experienced challenging economic circumstances. Significant changes in the economies across Europe and the Americas have resulted in market volatility and uncertainty. These economic conditions have increased both opportunities and incentives to commit economic crime. Worryingly, the 2011 survey shows Australia experienced economic crime at a greater rate than the global average.
The Australian results provide valuable insight and advice on:
- The rising threat of cybercrime
- Increase in reliance on technology
- Escalating significance and impact of increasing economic crime
- Cyber security mechanisms and their importance
We hope the information within this report will provide valuable insight and practical advice on how organisations can continue their efforts to combat fraud and other economic crimes.