The Association of Certified Fraud Examiners (ACFE) has recently released its 2012 Report to the Nations outlining worldwide occupational fraud between January 2010 and December 2011.
The report, which looks at 1,388 cases of fraud in 94 countries, indicates that global fraud loss to organizations costs up to $3.5 trillion.
Key findings from the report:
Given how similar fraud is to insider theft of data, it's interesting to read the report and examine potential motivators, red flags and prevention techniques.
Have you had incidents of fraud in your company? How did you deal with them?