Global and Swiss Economic Crime Survey 2011

We are pleased to present you the Swiss and the Global Economic Crime Survey 2011. This year, in addition to exploring the effects of traditional economic crime on organisations, the survey also examines the impact of cybercrime as an emerging threat to business.
 

Some highlights of the Swiss survey are:

Cybercrime

• Cybercrime is on the rise and was the second most common crime as reported by our respondents (20%).
• 54% of the respondents think that the threat of cybercrime is external to the organisation.
• Organisations appear to be largely unprepared when dealing with cybercrime incidents – despite heightened fears.
• 41% of respondents received no cybercrime related training in the last 12 months.

Fraud

• With 80%, asset misappropriation is the highest ranking economic crime.
• 40% of economic crime in Switzerland was committed by someone within the organisation.
• Only 46% of respondents ended the business relationship with the external fraudster.
   
• Swiss Economic Crime Survey 2011: Cybercrime in the spotlight

Some highlights of the Global survey are:

Cybercrime

• Cybercrime now ranks as one of the top four economic crimes.
• 60% said their organisation doesn’t keep an eye on social media sites.
• A quarter of respondents said there is no regular formal review of cybercrime threats by the CEO and the Board.

Fraud

• 34% of respondents experienced economic crime in the last 12 months (up from 30% reported in 2009).
• 56% of respondents said the most serious fraud was an ‘inside job’.
• Suspicious transaction monitoring has emerged as the most effective fraud detection method (up from 5% in 2009 to 18% in 2011).
   
• Global Economic Crime Survey 2011 – Cybercrime: protecting against the growing threat