Wednesday 21 May 2014

Report to the Nations on Occupational Fraud & Abuse - 2014 Report

Some Key Findings:
  • Survey participants estimated that the typical organization loses 5% of revenues each year to fraud. If applied to the 2013 estimated Gross World Product, this translates to a potential projected global fraud loss of nearly $3.7 trillion.
  • The median loss caused by the frauds in our study was $145,000. Additionally, 24% of the cases involved losses of at least $1 million.
For more: