More than 26 per cent of Indian organisations lost over $1 million due to platform fraud, and 44 per cent of the perpetrators were found to commit fraud for financial gain, according to PwC s second edition of Global Economic Crime and Fraud Survey 2022: India Insights .The
About 57 per cent of all fraud incidents in India are now 'platform' fraud, a novel form of economic crime that involves fraudulent activities associated with social media, e-commerce, enterprise and fintech platforms, a report showed on .
More than 26 per cent of Indian organisations lost over $1 million due to platform fraud, and 44 per cent of the perpetrators were found to commit fraud for financial gain, according to PwC s second edition of Global Economic Crime and Fraud Survey 2022: India Insights .The
The surge in remote work, ecommerce, delivery applications and contactless payments has further contributed to the rise of this type of fraud, as per the report , , economic crime, fraud, indian companies, india, frauds, pwc india
Platform fraud, encompassing deceptive activities on social media, e-commerce, enterprise, and fintech platforms, accounted for 57% of all fraud incidents in India.