The average organization loses more than $9.00 a day per employee to fraud, theft and abuse, according to a recent study conducted by the Association of Certified Fraud Examiners (ACFE).

• The average organization loses approximately 6% of its total annual revenue to fraud and abuse committed by its own employees.
  
  
• Fraud and abuse costs organizations across the country more than $400 billion annually.
  
  
• Small businesses are often the most vulnerable to these frauds and thefts.
  
  
• The typical perpetrator was found to be a college educated white male.
  
  
• Men committed nearly 75% of the offenses, causing four times more losses than women.
  
  
• Employees over the age of 60 and older caused 28 times more losses than those 25 or younger
  
  
• The most costly abuses occurred in organizations with less than 100 employees
  
  
• The education industry experienced the lowest average level of losses.
  
  
• Real estate and financing sector had the highest average level of losses