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. How Much Does Fraud Cost Your Industry? Skimming was more common in education than any other industry. mining Transportation Oil and Gas Manufacturing Technology 55% 52% 49% 48% 45% Fraud perpetrated in religious, charitable or social services Organizations was most likely to involve: 29% 25% 25% 25% billing check tampering expense Reimbursements Corruption Wholesale Trade $450,000 Agriculture, Forestry, Fishing and Hunting $300,000 Construction $259,000 Manufacturing $194,000 Telecommunications $194,000 Banking and Financial Services $192,000 Transportation and Warehousing $143,000 Government and Public Administration $133,000 Health Care $120,000 Insurance $107,000 Retail $85,000 Technology $235,000 Religious, Charitable or Social Services $82,000 real estate $200,000 Education $62,000 HOW MUCH IS AT RISK? Median amount lost per fraud case per industry INDUSTRIES WHERE CORRUPTION IS MOST PREVALENT: Percent of fraud cases in industry that involved corruption 25% of cases