Internal fraud climbs in public sector, PwC survey finds
PricewaterhouseCoopers (PwC) survey finds rising fraud levels, especially committed by insiders, and SAS monthly loss data shows financial services firms continued to suffer from ‘Clients, products and business practices’ issues in January
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Fraud at public sector organisations is rising worldwide, with almost half experiencing economic crime of some form in the past year, according to a survey by PricewaterhouseCoopers. Forty-six per cent of public sector bodies were victims of economic crime in 2011, up from 37% in 2009 and significantly higher than the 34% rate in the private sector.
The most common types of crime were the same as in the private sector – asset misappropriation, accounting fraud
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