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All-time high incidence of fraud, cyber incidents, and security breaches

The 10th Annual Global Fraud & Risk Report 2017/18, see, from Kroll shows fraud related losses have been some 5% of annual revenue and also that there are major variations in company losses with some as high as 30%+.
The report also showed that all sorts of people and many different company aspects have been negatively affected by the current levels of fraud:
    •    
Source & Copyright©2018 - Kroll
The key sections in this comprehensive report were:
    •    The main types of fraud were:
        
Source & Copyright©2018 - Kroll
    •    Types of cyber incidents and how they happen
    •    Identification of the culprits inside and outside
    •    Vulnerability and the drive to mitigate risks
Conclusions
Kroll’s overall conclusions are that:

  • In today’s digitized and globalized markets, the value and vulnerability of information has made it among the most difficult of assets to protect. It is not surprising that respondents report a heightened sense of vulnerability across the board, and that information-related threats top the list of concerns in all risk areas – fraud, cyber, and security.
  • Given the costly and wide-ranging repercussions that companies suffer from incidents, the imperative has never been greater to focus efforts on effective preparedness, response, and remediation measures. However, the convergence of a global economy, complex digital connections, and perennial human factors means that many risks are no longer solely a fraud, cyber, or security problem.
  •  The findings crystallize the need for multidisciplinary approaches if organizations are to better manage their risks going forward.

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