India Corporate Fraud Perception Survey

The COVID-19 pandemic has caused widespread disruption and exposed vulnerabilities in ways businesses are managed across the globe. Some of the significant changes expected to influence business models in the long term, include social distancing, large-scale remote working, reliance on shorter supply chains, enhanced use of technology, and customer introspection on the perceived value of goods and services.

Historically, data shows that business disruptions have been followed by a rise in discovery of fraudulent practices. The 2008 economic crisis is a case in point that saw several large-scale corporate frauds. India too witnessed frauds from 2009 to 2012, including several high profile cases. In the early stages of the pandemic, media reports from across the world indicated a rise in cybercrime.