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Nearly 3 in 5 Indian organisations hit by financial or economic fraud: PwC survey

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Nearly 3 in 5 Indian organisations hit by financial or economic fraud: PwC survey
Medial

A recent survey conducted by PwC revealed that nearly 3 in 5 Indian organisations have experienced financial or economic fraud in the past two years. This is higher than the global average of 2 in 5. The survey included 91 Indian respondents, representing various sectors such as consumer products, retail, manufacturing, automotive, technology, and healthcare. Procurement fraud was identified as the top issue in India, with half of the leaders mentioning it as a major concern. Customer fraud, bribery and corruption, cybercrime, and supply chain fraud were also prominent issues. Indian companies are increasingly using data analytics to combat procurement fraud effectively.

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