Fraud Report 2009 Presentation


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Fraud Report 2009 Presentation

  1. 2. Contents <ul><li>Summary of the report’s findings </li></ul><ul><li>Sector differences </li></ul><ul><li>Prevalence of fraud </li></ul><ul><li>Drivers of fraud </li></ul><ul><li>Heatmap of types of fraud by sector </li></ul><ul><li>Types of fraud </li></ul><ul><li>Regional differences </li></ul><ul><li>Countermeasures against fraud </li></ul><ul><li>Articles & themes of the Annual Global Fraud Report </li></ul><ul><li>Kroll services </li></ul><ul><li>Contact us </li></ul>
  2. 3. Summary <ul><li>Kroll’s third Annual Global Fraud Survey, commissioned by Kroll and conducted by the Economist Intelligence Unit – surveyed over 700 people. </li></ul><ul><li>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. </li></ul><ul><li>Those dangers which grow as companies expand – entry into new markets, staff turnover for example – have declined in importance. </li></ul><ul><li>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. </li></ul><ul><li>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. </li></ul>
  3. 4. Different sectors have seen different levels of fraud this year
  4. 5. Sectors
  5. 6. Shift in those perceiving fraud as more or less prevalent…
  6. 7. … because drivers of fraud have reduced – expansion on hold
  7. 8. Different sectors are vulnerable to different threats
  8. 9. The types of threats from fraud remain similar over time
  9. 10. Europe, Middle East/Africa have seen increase in fraud; elsewhere, falling or static prevalence and loss
  10. 11. Planned countermeasures (% of respondents planning on undertaking countermeasures against fraud in next year)
  11. 12. Themes in the Global Fraud Report 2009/10 <ul><li>Credit card and ID fraud </li></ul><ul><li>How technology is helping and hindering the fight against fraud </li></ul><ul><li>Understanding emerging market risks and rewards </li></ul><ul><li>How regulations and laws are affecting fraud risks </li></ul><ul><li>Ten full sector profiles </li></ul><ul><li>Five regional analyses </li></ul>
  12. 13. How Kroll can help in the fight against fraud <ul><li>By preventing </li></ul><ul><li>And detecting </li></ul><ul><li>And investigating </li></ul><ul><li>Corporate Internal Investigations Computer Forensics </li></ul><ul><li>Forensic Accounting Expert Testimony </li></ul><ul><li>Litigation Support Investigative Due Diligence </li></ul><ul><li>Electronic Discovery Identity Theft Restoration </li></ul><ul><li>Asset Tracing & Recovery Fraud Prevention Training </li></ul><ul><li>Intellectual Property Protection </li></ul><ul><li>Process & Internal Controls Assessment </li></ul><ul><li>FCPA, Regulatory & Corporate Governance Investigations </li></ul>
  13. 14. How to contact us <ul><li>New York Blake Coppotelli Phone: 1 212 593 1000 </li></ul><ul><li>London Richard Abbey [email_address] Phone: 44 207 029 5000 </li></ul><ul><li>Hong Kong Tad Kageyama [email_address] Phone: 852 2884 7788 </li></ul><ul><li>Miami Sam Anson [email_address] Phone: 1 305 789 7100 </li></ul><ul><li>[email_address] </li></ul><ul><li> </li></ul>