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Over 50% Indian firms experienced economic crime in 2 years: Survey

95% of them suffered new types of fraud as a result of the disruption caused by Covid-19

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Illustration: Binay Sinha

3 min read Last Updated : Nov 16 2022 | 12:29 AM IST

More than 50 per cent of Indian companies experienced an economic crime in the last 24 months and 95 per cent of them suffered new types of fraud as a result of the disruption caused by Covid-19, said a report on Tuesday.

Prevention measures by companies brought down such incidents from 69 per cent in 2020 to 52 per cent in the last two years, according to PwC’s 'Global Economic Crime and Fraud Survey 2022: India Insights'.

As many 60 per cent of Indian companies having global annual revenues above $1 billion experienced fraud in the past 24 months. Among

Topics : Coronavirus Indian companies Economic Crime frauds PwC cybercrimes Companies

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