Date of publication: May 2018
Almost two-thirds (65%) of companies in Belgium experienced economic crime in the last two years, compared to under half (49%) globally, according to the results of our Global Economic Crime and Fraud Survey 2018. Sixty-two firms in Belgium took part in the survey. While 43% indicate the estimated financial impact to be below $25,000, almost a third (30%) think it’s between $100,000 and $1,000,000.
The most prevalent type of economic crime in Belgium is cybercrime (53%), which is in second place globally (31%), behind asset misappropriation (45%). Asset misappropriation finds itself in second place in Belgium, reportedly experienced by 30% of respondents.
In third place both globally and in Belgium is fraud committed by the consumer, the first time that survey respondents had the opportunity to include this type of economic crime as an answer.