Page 272 - ACFE Fraud Reports 2009_2020

Victim organizations

Organization Type of Victim — Median loss

2010
$231,000
Private Company
$278,000 2008
Type of Victim Organization Public Company $100,000 $142,000 $200,000

Government
$100,000

Not-for-Profit $90,000
$109,000

$0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000
Median Loss

size of organizations

Continuing the trend observed in our prior studies, small Additionally, our research has historically shown that
organizations — those with fewer than 100 employees — smaller organizations suffer disproportionately large loss-
suffered the greatest percentage of the frauds in our 2010 es due to occupational fraud. Organizations with fewer
study, accounting for more than 30% of the victim orga- than 100 employees experienced the greatest median
nizations. However, the variation between size categories loss of all categories of victim organizations in our 2008
is relatively small, with 23% of victims having between study. The same was true in our 2006 study. However,
100 and 999 employees, 26% having 1,000 to 9,999 em- that was not the case when we looked at the full body
ployees and 21% having more than 10,000 employees. of data from our current survey. Consequently, we under-
This relatively small disparity contrasts with our previous took additional analyses to see what effect, if any, the in-
studies, in which small organizations were involved in a clusion of cases from countries outside the United States
much higher percent of frauds than any other category. had on these findings.

28 | 2010 RepoRt to the NAtioNs ON OccuPATIONAl FRAUD ANd AbuSE