Page 600 - ACFE Fraud Reports 2009_2020

Industry of Organization

In addition, we examined the cases reported to us based on the industry of the victim organization. The greatest num-
ber of cases in our study occurred in the banking and financial services, manufacturing, and government and public
administration sectors. Readers should note that this data likely represents the industries that most often employ
CFEs, rather than the industries that are most susceptible to fraud. However, information about occupational fraud in
various industries can be useful for benchmarking purposes.

FIG. 15 How does occupational fraud affect organizations in different industries?
+
83
R
17 10+90 991 793 595 + + R
+
R
+
+
R
+
+
R
+
201
7%
14%
Cases
Cases
Cases
Cases
Cases
Banking and 366 Manufacturing 212 Government and Health care 158 Retail 108
financial services MEDIAN LOSS: public administration MEDIAN LOSS: MEDIAN LOSS:
MEDIAN LOSS: $240,000 MEDIAN LOSS: $100,000 $50,000
$110,000 $125,000
+
R
5 4+96 496 R + + 4 + R + 96 4 + 96 + R
R
+
95
+
94
97
90
84
Cases
Insurance 101 Education Cases Energy Cases Construction Cases Other Cases
MEDIAN LOSS: MEDIAN LOSS: MEDIAN LOSS: MEDIAN LOSS: MEDIAN LOSS:
$153,000 $68,000 $300,000 $227,000 $70,000
+
96
+
R
4 4+96 + R 3 97 + R + 3 97 + + R 3 97 + + R
60
58
68
83
76
Cases
Cases
Cases
Cases
Transportation and Food service and hospitality Technology Cases Religious, charitable, Services (professional)
warehousing MEDIAN LOSS: MEDIAN LOSS: or social services MEDIAN LOSS:
MEDIAN LOSS: $150,000 MEDIAN LOSS: $258,000
$140,000 $90,000 $90,000
Agriculture, forestry, +99
R
+
98
2 298 R + + 2 + 98 + R 1 + R 1 R + + 99
+
50
35
32
29
51
Cases
Cases
Cases
Arts, entertainment, Telecommunications Real estate Cases fishing, and hunting Utilities Cases
and recreation MEDIAN LOSS: MEDIAN LOSS: MEDIAN LOSS: MEDIAN LOSS:
MEDIAN LOSS: $100,000 $180,000 $136,000 $150,000
$88,000
+
R
99
+
1 + + 99 R 1 199 + R + 1 R + 99 +
27
28
24
24
Cases
Cases
Cases
Services (Other) Mining Cases Communications and Wholesale trade
publishing
MEDIAN LOSS: MEDIAN LOSS: MEDIAN LOSS: MEDIAN LOSS:
$82,000 $208,000 $525,000 $110,000
24 Victim Organizations Report to the Nations