39% of Asia-Pac firms hit by economic crime: Survey


THIRTY-NINE per cent of businesses in the Asia-Pacific have suffered from economic crime in the last two years with an average recovery on loss of 20% or less, a survey showed. 

The PricewaterhouseCoopers Global Economic Crime Survey 2002, one of the most comprehensive assessments of the nature and impact of fraud around the world, showed that larger companies with over 1,000 employees in a country were most vulnerable to fraud with 52% reporting crime in the past two years. 

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