Wednesday, March 25, 2009

Fraud Hits Financial Services Hardest

Posted by Mark Brousseau

Banks and financial services companies were the most commonly victimized industry by fraud (15 percent), according to the 2008 Report to the Nation on Occupational Fraud and Abuse prepared by the Association of Certified Fraud Examiners. Banks and financial services companies are followed by government (12 percent) and healthcare (8 percent). The median loss for banks was $250,000 per case, according to the report.

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