Fraud hits over half of UK companies

More than half of UK companies suffered from fraud in the past two years, losing an average of 1 million pounds each, and the most common method of detecting it was by accident, a report on Tuesday showed.

Around 55 percent of firms reported being hit by economic crime or fraud, compared with an average of 45 percent of businesses worldwide, a survey by auditor PricewaterhouseCoopers found.

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