Fraud Survey Report 2012 India: Corporate India not equipped to deal with futuristic fraud: KPMG India

  • Cyber crime, Intellectual Property fraud (including counterfeiting and piracy) and Identity theft identified as frauds of the future
  • 70% have no effective mechanism to tackle these futuristic frauds
  • Fraud is an inevitable cost of business : 71% of respondents
  • Industry reluctant to discuss bribery and corruption
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