Covid-19: Risk of fraud in companies

Telecommuting, cyberattacks, and employee financial hardships can create the perfect storm to trigger fraud. Next, in Latin America Screening News.

This is how the expert from the global consultancy KPMG describe the risk of fraud in companies as a consequence of the corona virus crisis. Based on data from the ACFE Report to the Nation 2020 study, this risk threatens losses equivalent to 5% of the income of global companies, some $4.5 trillion in absolute numbers.

According to the expert of the KPMG forensic department bases on data from the study carried out by the association of Fraud Examiners (ACFE), the coronavirus crisis may amplify this impact, recalling that 70% of those consulted have seen fraud increase in their companies during these weeks of crisis