• 28-MAR-2012

  • SOURCE: PricewaterhouseCoopers LLP

Cybercrime a Growing Threat to Financial Services Sector, PwC Reports

Cybercrime has risen up the ranks over the last year to become the second most commonly reported economic crime affecting companies in the financial services (FS) sector after asset misappropriation (which remains the traditional and most popular way of defrauding an organisation), according to the latest findings from PwC's global economic crime survey.

Cybercrime accounted for 38% of economic crime incidents compared to 16% for other industries in the survey which in total analysed 3,877 responses spanning 78 countries, with 23% of those ( 878 respondents) coming from the FS sector. Available content includes B-roll.