The rapid expansion and increased international presence of companies has made them more susceptible to fraud, so says the Kroll Global Fraud Report, out earlier this week. The reports polled 901 senior executives, almost half of whom work in corporations that make over $500 million a year. The results show an increased need for caution in a world where exposure to cyberattacks, and international and insider fraud threats are straining the wallets and internal relations of many companies.
In a press release, Tom Hartley, CEO of Kroll, said, “It should come as no surprise to anyone whose job it is to combat fraud that the global incidence of fraud is rising. But the measure of a good company is not whether or not you’ve suffered a fraud, it’s how you prepare for it.”