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Fraud and abuse costs
U.S. organizations more than $400 billion annually.
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The average organization
loses more than $9 per day per employee to fraud and
abuse.
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The average organization
loses about 6 percent of its total annual revenue to
fraud and abuse committed by its own employees.
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The median loss caused
by males is about $185,000; by females, about $48,000.
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The typical perpetrator
is a college-educated white male.
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Men commit nearly 75
percent of the offenses.
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Median losses caused by
men are nearly four times those caused by women.
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Losses caused by
managers are four times those caused by employees.
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Median losses caused by
executives are 16 times those of their employees.
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The most costly abuses
occur in organizations with less than 100 employees.
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The education industry
experiences the lowest median losses.
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The highest media losses
occur in the real estate financing sector.
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Occupational fraud and
abuses fall into three main categories: asset
misappropriation, fraudulent statements, and bribery
and corruption.
