With almost 4000 responses from senior executives in 72 countries, this is the most comprehensive global survey of economic crime available to businesses.
Economic crime continues to be a serious issue affecting organisations both in Russia and across the globe with no industry immune.
The fallout from fraud is not simply the direct cost - the collateral damage can strike an organisation at its core. The effects can seriously damage the perception of a brand, leading to significant loss of market share.
As society becomes less tolerant of unethical conduct, businesses need to ensure they place a premium on building public trust. A fact equally relevant for both developing and developed markets.
To help industry leaders understand and confront these issues, PwC has undertaken its sixth global study into the impact of fraud on organisations.
This year, we have also turned the spotlight on cybercrime and taken an in-depth look at the scale of this phenomenon.
In Russia, 37% of organisations reported being victims in the last 12 months alone which is significantly lower than in 2009 or 2007.
Working in conjunction with Professor Peter Sommer from the London School of Economics, we have produced the most comprehensive global survey of economic crime available.
The results help the reader to assess corporate attitudes towards economic crime, explore the trends behind criminal activity and understand what steps organisations can take to detect and prevent fraud.
We are pleased to present you the results of the 2011 Economic Crime Survey in Russia.
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