This was the first time in the 10-year history of the Kroll Report when information theft, loss or attack was the most prevalent fraud. It was cited by 29% of respondents, up 5 points from the 2016 report, and surpassed the theft of physical assets or stock, the most common type of organizational loss in the past, which this year ranked second, at 27%.
Cyber attacks are one of the most persistent threats to confidential data, but the occurrences of every type of cyber incident included in the survey increased.
In addition to the high incidence levels, survey respondents said the consequences of fraud, cyber and security events were also costly and wide-ranging. They affected employees and customers, as well as the organization’s reputation and bottom line.