An Ernst & Yound report which saw the participation of 2,700 officers from 59 countries, shows that 40% of officers believe that corruption and bribery is widespread in their country. In Greece, where the rate is consistently high, the respondents argue that managements have taken measures to stomp out corruption and bribery and stress that fines have been imposed on officers with criminal behavior.
While about 50% of respondents considers electronic crime to pose a minor threat, in Greece 74% of respondents believe that the threat from electronic crime is significant. The report further reveals that the implementation of a regulated behavior has resulted in “compliance fatigue”, resulting in many businesses facing problems in acquiring the necessary resources.
Finally, the Ernst & Young report shows that one in five businesses has not yet developed a policy against fraud and corruptiom, 45% of businesses do not have a hotline to report fraud (56% in Greece), less than 50% of respondents have received relevant training and less than a third actually monitor mergers and exports.
