When it comes to falling prey to financial crime, 82 per cent of Singapore companies surveyed have been found to be victims over the past 12 months, according to a Refinitiv report.WHEN it comes to falling victim to financial crimes, 82 per cent of Singapore companies surveyed did so over the past 12 months, according to a Refinitiv report.
For 42 per cent of Singapore companies, they experienced cases of financial crime by their own employees. That being said, 75 per cent of Singapore companies are struggling to harness technological advancements, compared with 72 per cent in the Asia-Pacific. Some 84 per cent of Singapore companies also believe the benefits outweigh the risks when sharing information and collaborating against financial crime. In the Asia-Pacific, 88 per cent of organisations believe sharing information with a partnership organisation outweighs any possible risks, compared with 86 per cent globally.
Source: News Formal (newsformal.com)
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