EY Fraud Survey: 80% of Executives Say Corruption Occurs Widely in Business in Cyprus

Although the number of Cypriot companies that have fallen victim to fraud in the last two years is relatively low compared to other countries (4% compared to the total average of 11%), the level of bribery and corruption nevertheless remains quite high. This is according to the 15th EY Global Fraud Survey, which surveyed 2,550 executives across 55 countries, including 25 senior decision makers from Cyprus.