Data from the ACFE's 2016 Report to the Nations on ... mining. Transportation. Oil and Gas. Manufacturing. Technology. 5
How Much Does Fraud Cost
Your Industry? INDUSTRIES WHERE CORRUPTION IS MOST PREVALENT: Percent of fraud cases in industry that involved corruption
55%
52%
mining
49%
Transportation
48%
Oil and Gas
25%
Manufacturing
45% Technology
Skimming was more common in education than
of cases
any other industry.
Fraud perpetrated in religious, charitable or social services Organizations was most likely to involve:
29%
25%
25%
25%
Corruption
expense Reimbursements
billing
check tampering
HOW MUCH IS AT RISK? Median amount lost per fraud case per industry
Wholesale Trade
Agriculture, Forestry, Fishing and Hunting
$450,000
$300,000
real estate
Manufacturing
Telecommunications
$200,000
$194,000
$194,000
Government and Public Administration
$133,000
Construction
Technology
$259,000
$235,000
Banking and Financial Services
Transportation and Warehousing
$192,000
$143,000
Health Care
Insurance
Retail
$120,000
$107,000
$85,000
Religious, Charitable or Social Services
$82,000
Education
$62,000
Data from the ACFE’s 2016 Report to the Nations on Occupational Fraud and Abuse © 2017 Association of Certified Fraud Examiners, Inc. All rights reserved. “ACFE,” “Association of Certified Fraud Examiners,” “Report to the Nations,” the ACFE Logo and related trademarks, names and logos are the property of the Association of Certified Fraud Examiners, Inc., and are registered and/or used in the U.S. and countries around the world.