Ukrainian companies were victims of bribery and corruption at rates almost three times higher than global averages,

Ukrainian companies were victims of bribery and corruption at rates almost three times higher than global averages, according to PwC’s Global Economic Crime Survey. Conducted once every two years, the survey found that about half of companies polled were victims of economic crime — near the global average. But of this group, 73% reported problems with bribery and corruption — compared to 25% globally. In Ukraine over the last two years, the proportion of economic crime committed by employees doubled, from 28% in 2016, to 56% in 2018. Similarly, fraud attributed to senior management also doubled, from 27% in 2016, to 55% in 2018. Looking ahead, 16% expect a cyberattack in the next two years – and believe it will be the most damaging economic crime they face.