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Fraud seen at 51% of firms: $1.7m average cost per company globally.
Dec. 7--Fifty-one percent of Thai companies surveyed reported experiences with fraud in the past two years, according to PricewaterhouseCoopers.
The global consultancy said that worldwide, 45 percent of companies reported financial losses as a result of economic crime over the past two years, up from 37 percent in 2003.
The average cost per business for "tangible frauds" was $1.7 million, including asset misappropriation, false pretences and counterfeiting, according to PWC's 2005 Global Economic Crime Survey.
The survey involved 3,634 companies from 34 countries. Total losses at 1,227 companies exceeded $2 billion over the past two years. On ...
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Source: HighBeam Research, Fraud seen at 51% of firms: $1.7m average cost per company globally.