PwC Crime Survey: 25% of Hungarian companies are victims of economic crime
Economic crime poses a significant threat to companies, with one in four of organizations in Hungary being victims of fraud in the past two years, according to the PricewaterhouseCoopers Economic Crime Survey 2005.
The average financial damage to Hungarian companies from tangible frauds was over $800,000. 17% of Hungarian companies surveyed had losses in excess of $1 million. The bitter experience of 58% of Hungarian companies that reported a fraud was that the fraud perpetrators were from among their own staff. The typical perpetrator in Hungary was male (95%), between the ages of 31 and 40 (45%). 50% of fraudsters were educated to university degree level.
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