Report To The Nations
Among the various kinds of fraud that organizations might be faced with, occupational fraud is likely the largest and most prevalent threat. Occupational fraud—fraud committed against the organization by its own officers, directors, or employees—constitutes an attack against the organization from within, by the very people who were entrusted to protect its assets and resources. Since the ACFE began tracking data on occupational fraud cases in 1996, they have reviewed thousands of cases in which insiders collectively stole billions of dollars from their employers, and those cases were merely a drop in the bucket.
There are millions of business and government organizations operating throughout the world and every one of them, in some way, is vulnerable or potentially vulnerable to fraud committed by their employees. Most of those employees will never steal or abuse the trust that has been placed in them, but the ones who do can cause enormous damage. It is because of this risk that we continue to study these frauds and publish the Report to the Nations.
This study contains an analysis of 2,690 cases of occupational fraud that were investigated between January 2016 and October 2017. The data presented is based on information provided by the Certified Fraud Examiners who investigated those cases. Their firsthand experience with these frauds provides an invaluable resource for helping us understand occupational fraud and the impact it has on organizations.
Visit the ACFE website to download the Report To The Nations.