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You are here: Home / Fraud / Global Profiles of the Fraudster

Global Profiles of the Fraudster

June 9, 2016

Man with TabletKMPG International recently published Global Profiles of the Fraudster based on a survey of 750 fraudsters worldwide.  The report can be read or downloaded through the following hyperlink: http://www.kpmg.com/eastafrica/en/IssuesAndInsights/ArticlesPublications/Documents/Profile%20of%20Fraudster%202016_V13_web.pdf

The report is informative and provides a current profile of fraudsters.  The report confirms what the partners of Quick Group have known from their years of investigative experience.  In summary, most frauds have the following common characteristics:

  • Weak internal controls.
  • The fraudster is often a male and between the ages of 36 and 55.
  • The fraud often involves collusion with others.
  • 65% of the fraudsters are employed by the victim organization.
  • 34% of the fraudsters are executives and 32% are managers within the victim organization.
  • Technology was a significant enabler for 24% of the fraudsters with an increase in cyber fraud.
  • 66% of the frauds are perpetrated over one to five years.

To prevent from becoming a victim of a fraud or if you suspect an insider within your organization of committing a fraud, please contact Quick Group.  We can provided you with the resources in fraud prevention and fraud investigations.

Filed Under: Fraud Tagged With: fraud, fraudster

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