What is the true cost of economic crime?

Estimating the cost of economic crime has always proved challenging, not least because of various definitions adopted and offences included. Whereas some reports claim that accurate methods of measuring losses have been developed in the last decade, is this really the case? Not only are many of these estimates, but they rarely include the ‘hidden’ costs of fraud, such as the personal costs to victims, time spent investigating and rectifying issues, and the reputational damage to businesses. T...