how much does fraud cost your industry? · occupational fraud and abuse ... construction $259,000...
TRANSCRIPT
Data from the ACFE’s 2016 Report to the Nations on Occupational Fraud and Abuse
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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