HALF of firms in Ireland have been hit by serious fraud in the last two years -- three times above the global average.
The 11th edition of the Global Fraud Survey from professional services firm Ernst & Young includes Ireland for the first time. The global average, according to the survey, is 16pc.
"These figures are perhaps unsurprising given the credit crunch and ensuing recession," said Ernst & Young's Julie Fenton.
"There has been increased pressure on businesses to maintain financial results in difficult conditions, which has encouraged new frauds."