The first part of a series on The Kroll Global Fraud Report is presented. At the end of July, Kroll Inc, the risk consulting subsidiary of Marsh & McLennan Cos Inc, published its first annual Global Fraud Report. The 41-page report is based on a worldwide survey conducted by The Economist Intelligence Unit. In his introduction, chairman Jules B. Kroll likens the increased threat of fraud to sharp rocks under the water that have been exposed due to turbulence in financial markets. Corporate fraud is serious, widespread, and multifaceted. New business models driven by globalization are increasing exposure to corporate fraud. Fraud is seen primarily as a financial and IT issue. Company size and location are meaningful factors.