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Incidence Of Cybertheft Surpasses Incidence Of Physical Theft For The First Time

Fraud-related losses rose 20 percent to $1.7 billion in the past year, Kroll study says

By Tim Wilson
DarkReading

 

 

Incidence of theft of information and electronic data at global companies has overtaken physical theft for the first time, according to a study released yesterday.

According to the latest edition of the Kroll Annual Global Fraud Report, the amount lost by businesses to fraud rose from $1.4 million to $1.7 million per $1 billion of sales in the past 12 months -- an increase of more than 20 percent.

 

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