Three quarters of companies (75%) have fallen victim to a fraud incident in the past year, a rise of 14 percentage points in just three years, according to Kroll. The findings reveal the biggest fraud threat to companies comes from within. Of those companies where fraud occurred and the perpetrator was identified, four in five (81%) suffered at the hands of at least one insider, up from 72% in the previous survey. More than one in three victims (36%) experienced fraud at the hands of a member of their own senior or middle management, 45% at the hands of a junior employee, and for 23%, the fraud resulted from the conduct of an agent or intermediary. Similarly, among companies that experienced information/data loss, theft or attack over the past 12 months, the most common cause was employee malfeasance, involved in 45% of incidents, with vendor/supplier malfeasance involved in 29% of incidents. By comparison, only a small minority involved an attack by an external hacker on the company itself (2%) or on a vendor/supplier (7%).
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ORIGINAL SOURCE: Help Net Security