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FraudAware
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Some sobering statistics about corporate fraud:
American companies lose $660 billion dollars to internal fraud every year
(Association of Certified Fraud Examiners)
Global cybercrime—in the form of corporate espionage, stock
manipulation, phishing fraud and copyright violations —
generated more revenue than the trade in illegal narcotics
(US Department of the Treasury)
45% of companies reported falling victim to fraud in the
past two years (PricewaterhouseCoopers)
A single incident of internal fraud costs the victimized
company approximately $200,000 (ACFE)
An average of 5% of a company’s annual revenue is lost
to internal fraud.
The average cost of a breach of sensitive information
security costs $182 per stolen record — up 31% from $138
a year earlier. Thus, 50,000 stolen customer records would
cost the company $9 million.
40% of companies suffered significant loss of reputation, decreased staff
motivation and damaged business relations (PwC)
The most common ways that many corporate fraud victims learn of illegal activity is
by accident...or employee tip. (ACFE)
American companies lose $660 billion dollars to internal fraud every year
(Association of Certified Fraud Examiners)
Global cybercrime—in the form of corporate espionage, stock
manipulation, phishing fraud and copyright violations —
generated more revenue than the trade in illegal narcotics
(US Department of the Treasury)
45% of companies reported falling victim to fraud in the
past two years (PricewaterhouseCoopers)
A single incident of internal fraud costs the victimized
company approximately $200,000 (ACFE)
An average of 5% of a company’s annual revenue is lost
to internal fraud.
The average cost of a breach of sensitive information
security costs $182 per stolen record — up 31% from $138
a year earlier. Thus, 50,000 stolen customer records would
cost the company $9 million.
40% of companies suffered significant loss of reputation, decreased staff
motivation and damaged business relations (PwC)
The most common ways that many corporate fraud victims learn of illegal activity is
by accident...or employee tip. (ACFE)