49% report their company suffering fraud in last two years, up from 36% in 2016 The majority of external perpetrators (responsible for 40% of fraud) are “frenemies” of the organisation – agents, shared service providers, vendors and customers 41% have spent at least twice as much as they lost to
Cybercrime is prevalent in both the business-to-consumer and the business-to-business space. It is not only customers who are at risk of cybercrime but also suppliers. Businesses can suffer reputational risk if their customers are affected by cybercrime. Criminals target businesses by looking for vulnerabilities in software and in operating procedures.