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Research shows women steal less

Women employees are least likely to steal from a company.

According to a PwC survey, the person siphoning off company resources is most likely to be a man who works for the company in middle management.

In its profile of a typical fraudster, PwC say they (fraudster) are “mainly an internal perpetrator (61 per cent) from middle level management (54 per cent), a male (85 per cent) aged between 31 to 40 years (54 per cent), who has been in his role for a period of between three to five years (44 per cent) and possesses a first degree (69 per cent).”

According to the survey released on Tuesday, 52 per cent of respondents said they had suffered economic crimes compared to 66 per cent in the previous survey 2011.

As many as 45 per cent of respondents said they had lost a business opportunity to a competitor whom they believed had paid a bribe with 36 per cent saying they had been asked to pay a bribe.

The report also raised a fed flag over increasing cases of cybercrime as companies shift more operations to technology platforms.

Economic crime

“Their exposure to economic crime increases as they trade more and rely on third parties for various transactions such as debit cards, online trading and mobile money transactions.”

Alphan Njeru, the Advisory Services leader for PwC Kenya said the cost and frequency of economic crimes especially for financial services companies was going up.

“Many of them represent financial services companies, which are disproportionately impacted by economic crime. Some companies in Kenya may have become over reliant on technology, which can open them up to fraud,” he said.