Survey shows more fraud in U.S., globally

One in 5 global CEOs report in the survey they have been asked to pay a bribe

The incidence of fraud in the United States doubled from 8 percent to 16 percent over the last two years at select companies, according to a new EY Global Fraud Survey. It also appears many top executives may be underestimating risk from cybercrime.

As an illustration of the prevalence of fraud globally, 1 in 5 CEOs report they have been asked to pay a bribe. Another finding that should be a concern to general counsels and other in-house attorneys is that one in five businesses participating in the survey did not have an anti-bribery/anti-corruption policy in place.

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Ed Silverstein

Ed Silverstein is a veteran writer and editor for magazines, websites and newspapers. A graduate of Harvard's Kennedy School of Government, he has won several...

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