South Africa world leader for all the wrongs reasons:
The PwC Global Economic Crime Survey revealed on Wednesday that South African organisations had reported the highest rate of economic crime in the world over the last two years.
69% of South African organizations have been victims of economic crime
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32% have been victims of cyber crime
Louis Strydom, Forensic Services Leader for PwC Africa: “When compared to the global statistic of 36%, we are faced with the stark reality that economic crime is at a pandemic level in South Africa. No sector or region is immune from economic crime”
Overall, the reports found that business detection and response plans were not keeping pace with the level and range of threats now facing organisations.
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