Page 73 - ACFE Fraud Reports 2009_2020
P. 73
Table of Contents
What Industries Were Affected?
The following table shows the industries that were affected by the frauds in our survey,
along with the median loss for schemes in each industry. Again, readers should be
cautioned that our survey was not designed to measure the relative frequency of fraud
in various industries. Nevertheless, this information is meaningful in that it shows that
the frauds we studied were spread over a wide range of industries. It also gives some
measure of how various industries are affected by occupational fraud.
Frequency and Median Loss of Occupational Frauds Based on Industry
INDUSTRY # CASES % CASES 2 MEDIAN LOSS
Manufacturing 65 12.9% $125,000
Banking 56 11.1% $101,000
Service 56 11.1% $139,000
Government 53 10.5% $45,000
Other 47 9.3% $145,000
Insurance 46 9.1% $172,500
Retail 40 7.9% $35,500
Health Care 37 7.3% $105,000
Education 31 6.1% $31,000
Construction 17 3.4% $145,000
Transportation 17 3.4% $225,000
Oil & Gas 16 3.2% $101,500
Communication 13 2.6% $150,000
Utility 13 2.6% $30,000
Real Estate 11 2.2% $385,000
Agriculture 6 1.2% $1,080,000
2 The sum of percentages in this column exceeds 100% because some victim organizations were characterized as
belonging to more than one industry category. 7
