Occupational fraud costs organisations 5% of annual revenue - ACFE survey

Occupational fraud is costing private and publicorganisations worldwide 5% of their annual revenue, with losses topping US$1 million in 22% of cases and averaging US$1.7 million, according to the latest global survey from the Association of Certified Fraud Examiners (ACFE).

By Sara Lewis

Occupational fraud is costing private and publicorganisations worldwide 5% of their annual revenue, with losses topping US$1 million in 22% of cases and averaging US$1.7 million, according to the latest global survey from the Association of Certified Fraud Examiners (ACFE).