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Half of Singapore-based companies impacted by fraud lost at least US$ 1 million

Half of Singapore-based companies impacted by fraud lost at least US$ 1 million

Singapore, 3 March 2020 - Fraud and economic crime rates remain at record highs, impacting companies in more ways than ever. PwC’s biennial survey of business crime reports that these incidents are costing businesses. Close to one in four respondents reflected that the direct financial losses they experienced amounted to US$50 million or more, with another 31 per cent saying it was between US$1 mi

​Cybercrime rises sharply from 15% to 43% to become the second most prevalent economic crime in Singapore reveals PwC’s 2016 Global Economic Crime Survey

​Cybercrime rises sharply from 15% to 43% to become the second most prevalent economic crime in Singapore reveals PwC’s 2016 Global Economic Crime Survey

Date26 February 2016
ContactCandy Li
Tel: +65 6236 7429
Mobile: +65 8613 8820
E-mail: candy.yt.li@sg.pwc.com

Natalie Choo
Tel: +65 6236 4309
Mobile: +65 9738 1415
E-mail: natalie.yl.choo@sg.pwc.com
With more than 1 in 5 organisations in Singapore reporting being victims of economic crime, it remains an obstinate threat.Increase in money laundering incidents ref