Fraud causes financial loss in almost half of firms

Occupational fraud and abuse are causing financial losses in almost half of all firms, a survey from Mazars finds. The average loss per company surveyed, exceeded €10,000 (US$11,167 or ZAR160,362). And 12% of companies surveyed, suffered losses above €500,000 (US$558,345 or ZAR8,018,105) over the past 2 years. Theft of cash and goods was the main cause of losses, although cybercrime was seen as an growing threat. Read the full story at

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