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Kroll Global Fraud Report 2009-2010 - PowerPoint PPT Presentation


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Kroll annual fraud report, released in October 2009, highlights the effects of the economic downturn on fraud.

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Presentation Transcript
Contents
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


Summary
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.



Sectors
Sectors year






Europe, Middle East/Africa have seen increase in fraud; elsewhere, falling or static prevalence and loss


Planned countermeasures (% of respondents planning on undertaking countermeasures against fraud in next year)


Themes in the global fraud report 2009 10
Themes in the Global Fraud Report 2009/10 undertaking countermeasures against fraud in next year)

  • 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


How kroll can help in the fight against fraud
How Kroll can help in the fight against fraud undertaking countermeasures against fraud in next year)

  • 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


How to contact us
How to contact us undertaking countermeasures against fraud in next year)

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

[email protected]

www.kroll.com/fraud


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