White-collar crime in Switzerland causes losses in the billions

The most recent KPMG Forensic Fraud Barometer shows that Swiss courts tried 57 cases of white-collar crime in 2016. While this might be significantly fewer cases than the year before, the total losses exceeded CHF 1.4 billion, a record high since KPMG began gathering data.

Cyber Insurance: The next big thing in Switzerland?

The risk of being the victim of a cyber attack has risen sharply in recent years. Against the damage caused by such attacks, firms can protect themselves with so-called cyber insurance. What services do Cyber Insurances offer, who can assure and what should firms know before completing a policy?

White-collar crime: the typical fraudster

Fraud is a global scourge that harms corporate reputations, costs millions and ruins lives. Criminal activities of this nature are taking their toll on numerous companies in Switzerland, too. Yet what does a typical fraudster look like? KPMG took a closer look at this question within the scope of an international study ‘Profile of a Fraudster’.

Cyber Response Readiness – die Antwort auf Cyberangriffe

Fast kein Tag vergeht, an dem nicht in den Medien über eine Hackerattacke, einen Datenraub oder digitale Erpressung berichtet wird. Die zunehmende Digitalisierung in der Industrie sowie das Internet of Things wird dieses Risiko noch erhöhen. Was ist Cyber Response Readiness? Die Antwort auf Cyberattacken.

Fraud Barometer: More cases but less loss?

The latest ‘KPMG Forensic Fraud Barometer’ reveals that Swiss courts processed 91 cases of white-collar crime last year, a record number. At CHF 280 million, however, total losses have fallen to their lowest level in eight years. The average loss per case was around CHF 3 million.

Solutions to tackle the insider threat are not adequate

While companies have been and are still investing in various cybersecurity projects, sometimes with lukewarm results, the management of insider threats is either left aside or is dealt with in a way that is far not effective. Most of all, some “improvements” can be even counterproductive.