How Much Does Fraud Cost Your Industry? · Occupational Fraud and Abuse ... Construction $259,000...
Transcript of How Much Does Fraud Cost Your Industry? · Occupational Fraud and Abuse ... Construction $259,000...
Data from the ACFE’s 2016 Report to the Nations on Occupational Fraud and Abuse
© 2017 Association of Certified Fraud Examiners, Inc. All rights reserved. “ACFE,” “Association of Certified Fraud Examiners,” “Report to the Nations,” the ACFE Logo and related trademarks, names and logos are the property of the Association of Certified Fraud Examiners, Inc., and are registered and/or used in the U.S. and countries
around the world.
How Much Does Fraud Cost
Your Industry?
Skimming was more
common in education than
any other industry.
mining Transportation Oil and Gas Manufacturing Technology
55% 52% 49% 48% 45%
Fraud perpetrated in religious, charitable or social services Organizations was most likely to involve:
29% 25% 25%25%
billing check tampering
expense Reimbursements
Corruption
Wholesale Trade
$450,000 Agriculture, Forestry,
Fishing and Hunting
$300,000
Construction
$259,000
Manufacturing
$194,000Telecommunications
$194,000Banking and Financial
Services
$192,000
Transportation and Warehousing
$143,000
Government and Public Administration
$133,000
Health Care
$120,000 Insurance
$107,000 Retail
$85,000
Technology
$235,000
Religious, Charitable or Social Services
$82,000
real estate
$200,000
Education
$62,000
HOW MUCH IS AT RISK?Median amount lost per fraud case per industry
INDUSTRIES WHERE CORRUPTION IS MOST PREVALENT:Percent of fraud cases in industry that involved corruption
25%of cases