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Kroll Global Fraud Report 2009-10
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www.kroll.com
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Contents
• Summary of the report’s findings
• Sector differences
• Prevalence of fraud
• Drivers of fraud
• Heatmap of types of fraud by sector
• Types of fraud
• Regional differences
• Countermeasures against fraud
• Articles & themes of the Annual Global Fraud Report
• Kroll services
• Contact us
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Summary
• Kroll’s third Annual Global Fraud Survey, commissioned by Kroll and conducted by the Economist Intelligence Unit – surveyed over 700 people.
• The incidence of fraud is almost identical to that found in last year’s survey, at 85% per cent of respondents, and the average loss per company has risen only slightly in the new survey, to $8.8 million from $8.2 million.
• Those dangers which grow as companies expand – entry into new markets, staff turnover for example – have declined in importance.
• The downturn, however, has heightened other risks. Pay stringency in the face of lower revenue, cost cuttings on controls, for example, has provided a motive for fraud.
• Larger companies – those with over $5 billion in annual sales – reported greater average losses, up to $25.8 million from $23.3 million in 2008, the situation improved for smaller business – those with yearly revenue under $5 billion – dropped to $4.6 million from $5.5 million.
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Different sectors have seen different levels of fraud this year
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Sectors
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Shift in those perceiving fraud as more or less prevalent…
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…because drivers of fraud have reduced – expansion on hold
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Different sectors are vulnerable to different threats
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The types of threats from fraud remain similar over time
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Europe, Middle East/Africa have seen increase in fraud; elsewhere, falling or static prevalence and loss
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Planned countermeasures (% of respondents planning on undertaking countermeasures against fraud in next year)
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Themes in the Global Fraud Report 2009/10
• Credit card and ID fraud
• How technology is helping and hindering the fight against fraud
• Understanding emerging market risks and rewards
• How regulations and laws are affecting fraud risks
• Ten full sector profiles
• Five regional analyses
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How Kroll can help in the fight against fraud
• By preventing
• And detecting
• And investigating
Corporate Internal Investigations Computer Forensics
Forensic Accounting Expert Testimony
Litigation Support Investigative Due Diligence
Electronic Discovery Identity Theft Restoration
Asset Tracing & Recovery Fraud Prevention Training
Intellectual Property Protection
Process & Internal Controls Assessment
FCPA, Regulatory & Corporate Governance Investigations
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How to contact us
New YorkBlake Coppotelli [email protected]: 1 212 593 1000
LondonRichard [email protected]: 44 207 029 5000
Hong KongTad [email protected]: 852 2884 7788
MiamiSam [email protected]: 1 305 789 7100
www.kroll.com/fraud
