Organizations across the globe are losing an estimated 5 percent of their annual revenues to occupational fraud, according to a new report from the Association of Certified Fraud Examiners, with total losses estimated at about $3.5 trillion.
The median loss caused by the occupational fraud cases in the ACFE study was $145,000. Nearly one-fourth (24 percent) of the cases caused losses of at least $1 million.
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