Global economic crime survey 2016: Canadian insights

Get the latest insights into developments in economic crime in Canada, and learn how your organization can take a proactive approach to avoid being victimized.

There are worrying trends that economic crime is up and detection is down. As a result, it’s time to take a proactive approach, based on the latest Canadian insights in PwC’s Global Economic Crime Survey.

Key findings

  • More than one third (37 per cent) of Canadian organizations (36 per cent globally) have experienced economic crime in the past 24 months.
  • 59 per cent of Canadian organizations believe cybercrime is on the rise.
  • There has been a decrease in the detection of criminal activity by methods within management’s control (corporate controls detection is down by 14 per cent in Canada).
  • One in four Canadian organizations (26 per cent) has not carried out a single fraud risk assessment in the last 24 months.
  • The most common type of fraud experienced by Canadian organizations was asset misappropriation at 62 per cent.
  • Close to half (41 per cent) of respondents experienced losses of between $100,000 and under $5 million.

Profile of an internal fraudster: Gender: Male; Age: 31-40 years; Length of service: 3-5 years.

Highlights

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