Page 47 - ACFE Fraud Reports 2009_2020
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T H E V I C T I M S
The victims of occupational fraud are the organizations that employ the fraud perpetrators and suffer losses as a result of
these crimes. The CFEs who participated in this study provided information on the size and type of organizations that were
victimized, and on the anti-fraud measures that those organizations had in place before and after the frauds took place.
The frauds were distributed fairly evenly across four sectors: government agencies, publicly traded companies, privately held
companies, and not-for-profit organizations. The largest median losses occurred in public companies, while the smallest took
place in non-profits and governmental agencies.
L O S S B Y O R G A N I Z A T I O N T Y P E
VICTIM TYPE/
PERCENT OF CASES
Publicly Traded Company (30.0%) $150,000
Privately Held Company (31.9%) $127,000
Government Agency (24.7%) $48,000
Not-for-Profit Organization (13.4%) $40,000
MEDIAN LOSS
L O S S E S B Y S I Z E
The smallest organizations in this study (100 employees or less) actually suffered higher median losses per scheme than did
the largest organizations (10,000 employees or more). This data was consistent with the 1996 Report.
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