Fraud By Industry R4

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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.