We regularly notice that fraud awareness is yet to be desired, while that is an essential element to build organizational resilience. The ultimate goal is that awareness is embedded in all layers of the organization and to then maintain this awareness. With the eighth edition of our Economic Crime Survey, we aim to increase both knowledge and awareness about fraud. On the one hand, the Economic Crime Survey provides our colleagues with knowledge to serve our clients properly. On the other hand, the survey is a reliable benchmark to measure your own experiences and source of inspiration for next steps to be taken. We dare you to critically reflect on the current processes in your organization and meanwhile dare to be stupid.
In our latest issue of the Economic Crime Survey, the development of financial-economic crime has remained stable since the last version published in 2014. On the one hand, this is good news. On the other hand, nuisance is high. Too high. Nearly three quarters of the organizations indicate that they have come into contact with some form of financial-economic crime. The damage to persons, organizations and social-economic traffic is significant and is still underestimated by many.
Cybercrime has been in the spotlight due to her rapid developments and new appearances. Cybercrime has increased the most compared to the other forms of financial-economic crime. A closely related, new topic on the Economic Crime Survey, is the Internet of Things. Respondents consider the security measures adequate, while a large number of incidents are reported. More awareness in this area is necessary.
The question is now: how do you protect your organization against these risks? The answer is not to respond to every incident with additional controls, but to establish a balanced system of preventive, detective and reactive control measures within your organization. These control measures should be embedded within all levels of the organization, without being experienced as an inconvenience. The tone at the top is essential, but all employees are responsible for creating a safe organization.
The Economic Crime Survey 2017 is the most comprehensive and representative investigation into the prevention and fight against financial-economic crime in the Netherlands. Forensic Services from PwC the Netherlands conducts research about this topic every two years in collaboration with VU University in Amsterdam. The current survey has been conducted among 875 respondents who are engaged in financial-economic crime on a daily basis within their organization. For this reason, it is expected that respondents can provide an accurate picture of the situation around the prevalence of financial-economic crime. This shines light on a generally difficult subject, which becomes more visible this way.
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