4Thought Blog


Don’t Wait Until You Suspect Employee Theft – Take These Steps to Prevent Fraud

Posted by Concannon Miller on Thu, Nov 5, 2015

You may think your company is free from employee fraud and theft.

Unfortunately, it’s probably not.

The Association of Certified Fraud Examiners estimates that a typical organization loses 5% of revenues each year to fraud.

The AFCE Report to the Nations from 2014 put the median loss due to fraud at $145,000. However, more than 22% of those cases included losses of at least $1 million.

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Topics: Fraud, Special services

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