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Internal Fraud: A Growing, Global Problem

About 5 percent of an organization’s revenue is lost to these fraud incidents. Banking/financial services and government/public administration are most at risk of occupational fraud. Most incidents take 18 months to detect, taking time to put a small business out of business or damage a corporation’s reputation. “Occupational fraud, offline and online, is broadly defined as an employee’s misuse or misappropriation of an employer’s resources or assets for personal gain,” the Association of Certified Fraud Examiners says.”]

Source: https://www.cuinfosecurity.com/internal-fraud-growing-global-problem-a-2601

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