Are You Sitting Next to a Fraudster?

January 7, 2014

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Fraud is a universal and expensive problem. An average organization's fraud losses amount to five percent of annual revenue, according to the Association of Certified Fraud Examiners' (ACFE) most recent report. Globally, the cost of fraud may total more than $3.5 trillion and actual losses may be significantly higher. The ACFE study states "... many cases will never be revealed, and, of those that are, the full amount of the losses might not be uncovered, quantified or reported." The…

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