Photo: iStockphotoMumbai: Current and former employees are the biggest perpetrators of frauds in Indian firms, followed by agents and intermediaries, found a survey by Kroll advisory services. Fraud risk includes theft of physical stock or assets, corruption and bribery, among others. Cyber security includes email-based phishing attack, virus infestation and security risk means natural disasters, loss of intellectual property etc. While 68% of respondents were affected by fraud last year, 72% and 73% were affected by security and cyber security risks, respectively, while the global average for fraud, security and cyber security risk was 82%, 68% and 85%, respectively. For cyber security and security risk mitigation measures, in-house security assessment of data and developing securities policy and measures, respectively, were most widely used.

Source: Mint January 18, 2017 08:28 UTC