A majority of U.S. companies are being victimized by economic crime, with losses totaling $223 million, according to a new study.
PricewaterhouseCoopers found that 53 percent of the U.S. companies it surveyed had been affected by some form of economic crime. And over 43 percent of the 5,400 global companies interviewed from 40 countries reported suffering one or more significant economic crimes. The average loss from fraud per company increased nearly 40 percent in two years from approximately $1.7 million in 2005 to about $2.4 million in 2007.
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