Toggle navigation Load unfinished survey Resume later Exit and clear survey default Caution: JavaScript execution is disabled in your browser or for this website. You may not be able to answer all questions in this survey. Please, verify your browser parameters. India Financial & Cyber Fraud Survey Thank you for participating in the survey. All responses will be kept confidential. No identifiable information is being collected. (This question is mandatory) 1. Please state your designation/ role in the organisation. Chief Executive Officer Chief Financial Officer Chief Information / Technology / Digital Officer Chief Risk Officer Chief Security Officer Director Head of Legal/ General Counsel Head of Risk and Compliance Internal Audit Head Managing Director Promoter/Founder Other: (This question is mandatory) 2.Please state the nature of industry of your organisation. Please choose... Banking Insurance Investment Management Wealth Management FinTech Pharmaceuticals Medical Devices Healthcare Services Consumer Goods Industrial Products Retail E-Commerce Fashion and Apparel Manufacturing Home Goods Food and Beverages Technology, IT & ITeS Telecommunication Media and Entertainment Automobile Logistics Real Estate & Infra Government Organisation or Public Sector Undertaking Non-Profit Organisation Other: Other: (This question is mandatory) 3. Does your organisation have any private equity investment? Yes No (This question is mandatory) 4. Please state the number of employees in your organisation. 0 - 1,000 1,001 - 5,000 5,001 - 10,000 above 10,000 (This question is mandatory) 5. What was the gross annual revenue of the organisation (INR in crore) for the Financial Year 2022-23? less than 500 501 - 1,000 1,001 - 5,000 above 5,000 (This question is mandatory) 6.What type of fraud incidents were encountered by your organisation during and post the COVID pandemic? Please select all the options that apply. Bribery and corruption Asset misappropriation Financial statement fraud Insider trading Money laundering Regulatory non-compliance Payroll fraud Cyber fraud/ Cybersecurity incident No fraud incident encountered Other: (This question is mandatory) 7.Please state the overall financial impact of the fraud incident(s) that occurred in your organisation. Less than INR 50 lakh INR 50 lakhs & above but less than INR 1 crore INR 1 crore & above but less than INR 5 crore INR 5 crore & above but less than INR 10 crore INR 10 crore & above (This question is mandatory) 8.Please specify the type of fraud perpetrator. External Internal Both (This question is mandatory) 9.What type of covid pandemic-related factors contributed to increase in fraud trend? Please select all the options that apply. Shift to remote work Lack of internal controls Changes to operational process Supply chain disruptions Technology related challenges (e.g., new or unfamiliar systems, overwhelmed IT function) Changes to anti-fraud initiatives (e.g., reduction in anti-fraud staff, decreased program budget, changes to investigation/response protocols) Organisational staffing changes (e.g., furloughs, layoffs, shifting responsibilities) Changes to organisation's strategic priorities Inadequate fraud awareness training No increase in fraud trend Other: (This question is mandatory) 10.How does your organisation investigate the fraud incidents? Conducting an internal enquiry Engaging an independent forensic expert Both (This question is mandatory) 11.What changes have you made to your anti-fraud and cybersecurity program post the COVID pandemic? Please select all the options that apply. Enhancement to the governance and compliance framework Higher investment in forensic and cybersecurity tools and technologies Continuous control assessment of high-risk areas at regular intervals Enhanced awareness trainings to employees, third-parties, customers Increased third-party due diligence Enhanced employee background checks Implemented crisis response planning and emergency response teams Strengthened whistle-blower/ vigil mechanism Embedded predictive detection capabilities such as artificial intelligence and machine learning Other: (This question is mandatory) 12.Does your organisation have adoption of anti-fraud technology and cybersecurity on the strategic agenda of the board of directors? Yes No Not aware (This question is mandatory) 13.Have you seen a decline in the instances of fraud after implementing anti-fraud tools and technologies? Yes No Not aware We do not use anti-fraud tools and technologies (This question is mandatory) 14.What are the emerging fraud trends that you consider a threat to your organisation? Please select all the options that apply. Social engineering - manipulation or deception to gain control over computer systems. Deep fake - Artificial intelligence used to create convincing video and/or audio hoaxes. Identity theft - Theft of personal information such as bank account number, and credit card information. Moonlighting - Engagement in an additional or side job without informing the primary employer. Business email compromise - Phishing attack to trick an individual into transferring funds, or revealing sensitive information Other: (This question is mandatory) 15.Which do you think is the most critical factor pushing the governance and cybersecurity requirements in the corporate world? Regulatory changes creating a necessity for culture of compliance Investment by multinational corporations / private equity funds in domestic companies Recent cases of fraud and enforcement by the regulatory agencies Adoption of an ESG agenda, with emphasis on ethics and compliance as a part of governance Other: (This question is mandatory) 16.How prepared is your organisation to effectively respond to cyber attacks? Well prepared Moderately prepared Somewhat prepared Not prepared (This question is mandatory) 17.Does you organisation engage third-party vendors for managing the IT and cyber services? Yes, extensively Yes, to some extent No, but considering No, managed internally (This question is mandatory) 18.In the next 1-3 years, how much do you plan to invest in enhancing your organisation's cybersecurity measures? Significant investment Moderate investment Limited investment No investment planned (This question is mandatory) 19.Is there a culture of cybersecurity prioritisation and awareness within your organisation? Strongly embedded culture Developing culture Minimal culture No cybersecurity culture (This question is mandatory) 20.How frequently does your organisation conduct cybersecurity assessments and audits? Regularly (at least annually) Occasionally (every 2-3 years) Rarely (every 4-5 years) Never conducted Submit Load unfinished survey Resume later Please confirm you want to clear your response? Exit and clear survey ×
