Fraud More Than Doubles For Travel, Leisure And Transportation Companies Losing An Average Us$2.5 Million Over Past Three Years

The average travel, leisure and transportation company loss to fraud has increased by 66% largely driven by the credit crunch and tough economic climate, according to the latest Kroll Global Fraud Report. Companies lost an average of US$2.5 million to fraud in the past three years, compared to last year's figure which stood at US $1.1 million. The figures are a result of a survey Kroll commissioned from the Economist Intelligence Unit of 890 senior executives worldwide.