Public Sector Fraud on the Rise Globally
Public sector organisations are experiencing increasing levels of economic crime and are particularly at risk from being defrauded by their own employees and their suppliers, according to findings from PwC’s latest Global Economic Crime Survey.
Based on the views of over 180 respondents from public sector organisations in 36 countries, the report says it is not surprising that fraud against the public purse is on the increase, given the onset of public sector cuts in many countries.
According to the survey, the most comprehensive worldwide study of economic crime in the public and private sectors, 46 percent of respondents from government and public sector organisations experienced one or more incidents of economic crime in the last 12 months. This was up from 37 percent in 2009 when the survey was last carried out and well above the average of 34 percent across all sectors.