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Fraud Report 2009 Presentation
- 2. 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
- 3. 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.
- 4. Different sectors have seen different levels of fraud this year
- 5. Sectors
- 6. Shift in those perceiving fraud as more or less prevalent…
- 7. … because drivers of fraud have reduced – expansion on hold
- 8. Different sectors are vulnerable to different threats
- 9. The types of threats from fraud remain similar over time
- 10. Europe, Middle East/Africa have seen increase in fraud; elsewhere, falling or static prevalence and loss
- 11. Planned countermeasures (% of respondents planning on undertaking countermeasures against fraud in next year)
- 12. 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
- 13. 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
- 14. How to contact us New York Blake Coppotelli bcoppotelli@kroll.com Phone: 1 212 593 1000 London Richard Abbey [email_address] Phone: 44 207 029 5000 Hong Kong Tad Kageyama [email_address] Phone: 852 2884 7788 Miami Sam Anson [email_address] Phone: 1 305 789 7100 [email_address] www.kroll.com/fraud