What is one of the things that most businesses, not-for-profit organizations, and governments have in common? Unfortunately, it’s susceptibility to occupational fraud. According to the ACFE’s 2014 Report to the Nations on Occupational Fraud and Abuse, the median loss caused by a single case of occupational fraud is $145,000, and 22% of all frauds result in losses of more than $1 million.
Watch as Michael Maddox discusses three indicators of fraud. Learn more about employee fraud by reading our recent article about the most common types of fraudulent activity. Knowing how these schemes work is the first step in implementing measures designed to deter fraud and protect your organization.
