21st March 2018

PwC: Global Economic Crime and Fraud Survey 2018 – Czech results: Only 30% of survey respondents use modern technologies to combat fraud

Is economic crime decreasing?
In comparison with our previous Surveys, it appears as if incidents of fraud at the Czech respondents were decreasing. 33% this year, compared to 35% in 2016 and 48% in 2014.
This is contradicting the CEE and global results that show incidents of fraud reported by the respondents have risen from 33% and 36% in 2016 to 47% and 49% in 2018, respectively.
Similar to the results from our previous Survey, asset misappropriation represents 50% of all reported fraud cases. Followed by consumer fraud (38%), procurement fraud (29%) and  cybercrime (25%).
In third place both globally and in second in the Czech Republic is fraud committed by the consumer, the first time that survey respondents had the opportunity to include this type of economic crime as an answer.

33% of Czech respondents experienced economic crime in the last 2 years

42% of the affected companies experienced direct losses exceeding USD 50,000

Only 30% of survey respondents use modern technologies to combat fraud

41% Czech respondents were targeted by phishing attack


Download full report in English and Czech


Image/Source: PwC Czech Republic

Members of the American Chamber of Commerce in the Czech Republic