Report to the Nations on Occupational Fraud and Abuse, Global Fraud Study.
This series of reports from the Association of Certified Fraud Examiners analyses the related costs and trends of occupational fraud globally.
The
2012 report finds that 5% of co revenues are lost to occupational fraud with inside information (tips or whistleblowers) being the most likely way to uncover the fraud. Senior longstanding members of staff were the highest risk to businesses for this type of fraud. 10% of the organisations surveyed and targeted by this type of fraud had reward systems in place for whistleblowers.
The
2014 report found that 40% of insider fraud was uncovered by tips or whistleblowers and organisations with hotlines were more likely to catch the fraud. Those in senior positions stole more assets. Just over 14% of tips were anonymous.
The
2016 report found that whistleblowers were most likely to report fraud to their direct supervisors (20.6% of cases), and to company executives in 18%. At the time, Southern Asia had the biggest proportion of organisations offering rewards to whistleblowers with 20.3% of respondents operating such schemes.
The
2018 report finds that where companies had hotlines the fraud was more likely to be detected by an insider tip (whistleblower). 12% of the organisations surveyed offered rewards to whistleblowers. The trend in reporting such cases to the authorities had declined, due, in many cases, to the fear of bad publicity.