See the infographic in this post.
As I reviewed the profile, it kind of make sense….
- Majority of frauds committed by regular staff, then managers. Staff position outnumber managers, who outnumber executives. Shocking, I know.
- The higher the fraudster’s position, the more $ involved. Managers and executives have greater access, authority, and are trusted more. Yep.
- 77% of frauds occurred in specific organizational departments. Isn’t that were the $ and the oppotunities are? Not many janitors make off with lots of cash.
- Males steal 123% more than females. Males still dominate the work force, especially in managerial and executive positions.
- Fraudsters are usually 31-45 years old, and the older you are, the more you steal. With age comes experience (you know the systems, the controls, and the weaknesses) and older people are more likely to be in positions where they can steal more. As you age, you realize you may not reach your dreams after all, so you reach for your employer’s money.
- The longer you’re at a company, the more likely you’re a cheat. Same as above. You’re also more likely to die before the new hires.
I know I got a bit snarky, but isn’t this profile stating the obvious?
Can any CFEs or anyone else out in the audience help me out here? I must have missed something.