Financial firms are seeing high rates of fraud , with 89 % of financial executives reporting incidents in 2016 , according to investigator Kroll ’s Annual Global Risk and Risk report . Physical asset theft is the most common type of fraud , reported by 39 % of respondents , followed by third party fraud at 32 % . Cyber fraud also stood at 89 % , with the most frequent issue being email fraud or loss , followed by emailed phishing attacks and virus problems . Security incidents were reported by 57 % of respondents , leading Kroll to call the fraud “ increasingly risky ” .
Financial firms are seeing high rates of fraud, with 89% of financial executives reporting incidents in 2016, according to investigator Kroll’s Annual Global Fraud and Risk Report. Physical asset theft is the most common type of fraud, reported by 39% of respondents, followed by third party fraud at 32%. Cyber incidents also stood at 89%, with the most frequent issue being data deletion or loss, followed by emailed phishing attacks and virus problems. Security incidents were reported by 57% of respondents, leading Kroll to call the situation “increasingly risky”.