- Loss Statistics for Corporate Crime, 2008
After 2003, the industry leader for fidelity insurance (Euler Hermes) completed a new study on white-collar crime in Germany. According to the study, the risk of white-collar crime has grown further. While the 2003 study concluded that 86% of companies had a serious problem with white-collar crime, the figure has now climbed to 91%.
In fact, in the past 12 months, already one company in three has fallen victim to white-collar crimes. More than half were victimised more than once. The greatest damage was caused by the companies' own employees. Theft, fraud and embezzlement are the leading property offences.
What is striking, however, is that 2/3 of companies suspect a still-undiscovered case within their company. Accordingly, the unreported figure for undetected cases is several times higher.
The average damage due to internal and external white-collar crime was EUR 42,000 per company.
In all, white-collar crime in Germany led to damage of some EUR 4 billion in the past 12 months alone.
For nearly ¾ of the companies interviewed, the greatest harm to result from a white-collar crime is image loss.
It is precisely in this area of white-collar crime that our investigators' organisation wants to provide independent and professional prevention for you as our client.