The problem presented by employee fraud is very real — and very costly, according to "Report to the Nations: 2018 Global Study on Occupational Fraud and Abuse," from the Association of Certified Fraud Examiners.
In fact, in the 2018 study, employee fraud accounted for more than $7 billion in total losses, at a median loss of $130,000 per case, with 22% of cases causing losses of more than $1 million each.
And that, says the report, is just "the 2,690 cases included in our study."
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