This alert may not be shared outside your organization, Do Not Repost or send, place on other websites, List servers, or send to others via email, including other associations or parties. Members and Law enforcement use only. Contact us for any permissions. To do otherwise will result in the loss of membership.
Complete Story
12/03/2024
Employee Fraud: An Evolving Threat You Can't Ignore
Forbes
Employee fraud poses a significant risk, with internal teams presenting threats similar to external scammers. The most common types of employee fraud include credit card fraud, theft, bribery, payroll fraud and data theft. More advanced forms of employee fraud now include forgeries made with AI, resulting in severe losses for businesses around the globe.
According to the Occupational Fraud 2024 report by the Association of Certified Fraud Examiners (ACFE), the median global loss due to employee fraud was $145,000. For companies with fewer than 100 employees, the median loss was $141,000, rising to $200,000 for those with more than 10,000 employees. Owners and executives caused the largest losses at $500,000 on average, compared to $184,000 by managers and $60,000 by regular employees.
More Info
Alerts
The FRPA alert system distinguishes us from other groups by gathering and providing information to law enforcement, retailers AND financial institutions.
more information
Resources
Your electronic library to help in fighting financial fraud for all of our partners.
more information