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Three quarters of construction companies affected by fraud in the past year

from BusinessWire

Three quarters (75 percent) of construction, engineering and infrastructure companies have experienced a fraud incident in the past year, according to the 2015 Kroll Global Fraud Report. The findings reveal the most common type of fraud experienced in the sector was theft of physical assets or stock, experienced by 36 percent of construction companies, followed by vendor, supplier or procurement fraud (24 percent). These are some of the highest incidence rates of any sector surveyed and are second only to levels experienced by the retail industry. Respondents in this sector also reported the highest level of regulatory or compliance breach fraud (18 percent) of any sector surveyed. more

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