Number of unlucky companies rose drastically within this period (two and half fold), making Hungary rank above the CEE and global averages (50% and 42%, respectively). This is the fourth time PwC published its bi-annual research titled „Global financial crime”. This time over 5400 companies from 40 countries responded to the questionnaire.
Respondents were subject to 9 crimes on average in the past 2 years. Most common types of crime include theft / felony (48%), copyright violation (26%), and bribe (17%). Damages caused totals over Ft 4 billion. Up to 65% of the companies could not get anything back from the amount they had lost, and 73% of companies’ insurance does not cover these damages.
Ninety percent of white collar criminals are males, typically aged 31 to 50. Terms of punishment are relatively light compared to international standards: 75% of people convicted get less than 3 years prison. 30% of all cases are discovered accidentally or the culprit being turned in. (Gazdasági Rádió, Napi Gazdaság, Magyar Hírlap)