Page 271 - ACFE Fraud Reports 2009_2020

type of organizations
More than 40% of victim organizations in our study were privately owned businesses, and nearly one-third were publicly
traded companies, meaning that almost three-quarters of the victims represented in our study came from for-profit enter-
prises. Sixteen percent of the frauds reported to us occurred at government agencies. Not-for-profit organizations were the
least represented category, with less than 10% of frauds taking place at these entities.

In addition to experiencing the most frauds, private and public companies were also victim to the costliest schemes in
our study; the median loss for the cases at these businesses was $231,000 and $200,000, respectively (see page 28).
In contrast, the losses experienced by government agencies and not-for-profit organizations were about half as much.
Government agencies had a median loss of $100,000, while not-for-profits lost a median of $90,000.

Organization Type of Victim — Frequency

2010
42.1%
Private Company
39.1% 2008
Type of Victim Organization Public Company 16.3% 28.4%

32.1%

Government
18.1%

Not-for-Profit 9.6%
14.3%
0% 10% 20% 30% 40% 50%
Percent of Cases

2010 RepoRt to the NAtioNs ON OccuPATIONAl FRAUD ANd AbuSE | 27