Categories: economic crime

Reported economic crime hits record high in Singapore

Reported economic crime hits record high in Singapore

More than one in three organisations in Singapore (35%) reported suffering fraud in the last two years, up from 22% in 2016. Of those who suffered fraud, 32% estimate losses linked to the most disruptive fraud at US$1m or above.

​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

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