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Victim Organizations
As part of our survey, we asked respondents to provide of specific anti-fraud controls corresponded with trends
demographic information regarding the victim organi- in median fraud losses and the time it took to detect
zation, such as entity type, size, and industry. Using this schemes in organizations.
data, we analyzed the frequency and median loss of
fraud cases at various categories of victim organizations, Type of Organization
as well as the types of schemes committed within differ- Figure 38 depicts both the median loss and percent
ent industries.
of cases based on the type of organization that was
Additionally, we asked respondents what mechanisms victimized. Privately held and publicly owned companies
the organization had in place to fight fraud when the combined represented two-thirds of the cases reported
scheme occurred. From these responses, we looked to us. These organizations also suffered the greatest me-
more closely at controls by victim size and region. This dian losses ($180,000 and $178,000, respectively), which
information enabled us to explore whether the presence is consistent with our previous studies.
30 REPORT TO THE NATIONS ON OCCUPATIONAL FRAUD AND ABUSE
