Dec 5: KPMG has released a Cyber Fraud survey amongst business units which is a useful document of record. Called the Fraud Survey 2012, it identified Cyber crime, IP fraud, Identity theft as frauds of the future and concluded that “Indian Firms ill-equipped to mitigate fraud”. It identified that 70% of companies had no effective mechanism to tackle frauds. It also said that 38% of respondents had experienced cyber crimes but 78% were unaware of the risks. 40% did not have policies for access to web. Details
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