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Sleeping companies lose big from employee, executive fraud

More than 1 in 5 of the cases analyzed in more than 100 countries had employees walking away with at least $1 million. 80 percent of the fraudsters were first-time offenders who have worked at the company for years. Financial services, government and manufacturing had the greatest number of fraud cases in the study. The average employee committed 42 percent of frauds but only caused a median loss of $75,000, the study found. The most common way to catch fraudsters are uncovered is through tips.”]

Source: https://www.csoonline.com/article/2158625/sleeping-companies-lose-big-from-employee-executive-fraud.html

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