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Oct 23B2B CFO

Who is your Typical Thief?

Oct 23B2B CFO

Employee theft and fraud is probably more common than you think.

The Association of Certified Fraud Examiners (ACFE), indicates the average U.S. business loses 5% of revenue to fraud and abuse each year. In a recent study of 1,100+ fraud cases nearly one in four was $1 million or more.

5% of Revenue – On Average – Per Year. That’s a startling fact!

Profile:

  • Male
  • 36 – 45 years old
  • Commits fraud against his own employer
  • Works in the finance function or in a finance related role
  • Holds a senior management position
  • Employed by the company for more than 10 years
  • Works in collusion with another perpetrator

Click on Chart for Expanded View

Think it can’t happen to you? Few did.

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