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White-collar criminals make the move

Four in five EU companies and other organizations indicate that they have come into contact with financial and economic crime in the past two years.

Survey kept. The damage amounts to almost 400,000 euros per incident.

Financial and economic crime includes fraud, corporate espionage and hacking. Cyber crime in particular increased compared to two years ago. Of all financial-economic crime, 60 percent were now cyber crime. In 2017, one third of all cases were involved.

According to PwC, the figures fit the trend that hacks by criminal organizations and state-supported hackers are becoming more common. The water and energy sector is most affected by cyber crime, but also industry and construction indicate a lot to do with it.

About the author: Matthew Johnson

Matthew Johnson, a small tech business owner retired and found his passion in journalism.

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