Firms underestimate fraud risk
British businesses are continuing to underestimate the cost of fraud, even though half have suffered because of it.
Corruption and bribery has also doubled in the last two years among UK firms, according to PricewaterhouseCoopers' 2007 Global Economic Crime Survey.
However, the study found that British businesses were in denial about the effects of economic crime and how widespread it was.
Just 17% of those surveyed thought they would become fraud victim, although 48% admitted to having suffered from fraud.
