KPMG is pleased to present its 2022 outlook on fraud, cyber attacks and compliance concerns across the Americas. Our survey of more than 600 executives across multiple industries confirms anecdotal evidence about the effects of the pandemic on these three interconnected threats: it reveals that fraud, compliance concerns and cyber attacks are common, have increased in severity — and are expected to become more frequent.
Are companies in the Americas managing to fend off this triple threat? This research suggests that many have limited defenses in place, and the shift to hybrid or remote working is making existing controls less effective.
The majority of companies across North and Latin America reported that they have suffered losses from fraud, compliance breaches, and/or cyber attacks.
The COVID-19 pandemic has made things worse.
Large companies are more at risk of fraud.
Businesses expect fraud, compliance risk and cyber attacks to rise.
Fraud threats differ between North and Latin America.
Not enough companies are completely on top of fraud controls, compliance and cyber security.