For 20 years, the Association of Certified Fraud Examiners (ACFE) has been publishing studies every two years to raise awareness of occupational fraud, and the role strong internal controls can play in limiting these schemes. The 2016 Report to the Nations on Occupational Fraud and Abuse covers more than 2,400 cases of white collar crime, occurring in more than 100 countries. About 1,000 of these cases involved U.S. organizations.
The findings from the latest report remain consistent from prior years. This goes to show that, despite our best efforts to combat white collar crime, dishonest people continue to find novel ways, often exploiting technology, to steal from businesses and not-for-profit organizations.