The more individuals involved in an occupational fraud scheme, the higher the losses tend to be.
Fraud is committed by employees at every level of an organization.
52% of cases have no recovery of losses.
Many fraud incidences occur for a median time of 12 months before detection.
Median loss is extremely costly at an estimated US$117,000 per case.
A typical organization loses an estimated 5% of its annual revenues to fraud.
Fraud is committed by employees at every level of an organization.
Many fraud incidences occur for a median time of 12 months before detection.
Median loss is extremely costly at an estimated US$117,000 per case.
The more individuals involved in an occupational fraud scheme, the higher the losses tend to be.
52% of cases have no recovery of losses.
A typical organization loses an estimated 5% of its annual revenues to fraud.