Page 75 - ACFE Fraud Reports 2009_2020

Table of Contents

Total Occupational Fraud Losses 3

2004 660

Year 2002 600

1996 400

0 100 200 300 400 500 600 700

Billions of Dollars

Distribution of Dollar Losses
There were 487 cases in our study in which the respondent was able to specify the
amount of loss suffered by the victim organization. The median loss for all cases in the
study was $100,000. As the following distribution shows, 15% of the frauds in our
study caused losses of at least $1 million, while one in five cost at least $500,000. This
distribution was very similar to the one in our 2002 Report.

Distribution of Dollar Losses

1.4%
1-999
2.3%
12.3%
1,000-9,999 10.2% 22.8% 2004
Dollar Loss Range 100,000-499,999 12.1% 22.9% 29.2%
10,000-49,000
2002
12.9%
50,000-99,999

500,000-999,999 6.8% 27.6%
8.5%
14.6%
1,000,000 and up
16.5%
0% 5% 10% 15% 20% 25 30% 35%

Percent of Cases

3 Dollar figures are based on an estimated 6% loss of annual revenues to fraud, multiplied by Annual U.S. Gross Domestic
Product. 9