The biennial survey involved more than 3,600 companies in 34 countries, including 75 leading companies in Hungary. Our 2005 economic crime survey reveals that 25% of companies surveyed in Hungary reported being subject to one or more serious economic crimes during the previous two years. Although this is significantly lower than the global average (45%), over the past two years Hungarian respondents had suffered a shocking 8.8 cases of fraud on average, which is higher than for the CEE as a whole and global figures.
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.