Personal financial pressure has edged out greed as the number one motivation among perpetrators of fraud in New Zealand, according to a survey.
KPMG's Fraud, Bribery and Corruption Survey shows $18.26 million was lost to fraud between February 2010 and January 2012, based on the responses of 140 businesses.
Past surveys have found greed and the desire to maintain lifestyle were the strongest drivers behind fraud, but that has now changed.
Of the private and public sector organisations to complete the survey, 42 per cent said personal financial pressure was the number one motivator, ahead of 39 per cent who blamed greed and lifestyle.
"We think the reason why personal financial pressure has jumped a few places to number one has something to do with the global financial crisis," said Blair Bulloch, senior manager of forensics at KPMG.