Not every threat to a company comes from outside.
A Marsh webinar on fraud risk, prevention and response reported that there were 778 internal-fraud cases in 2012. The most common schemes in the U.S. involve billing, making up three-fourths of the statistic; corruption, which increased by three percent since 2010; and expense reimbursements.
In more than half of these cases, the embroiled company physically lost only $200,000 or less, but the real headache surrounding fraud discovery comes from the ensuing private civil claims, potential government investigations, criminal prosecutions and bad publicity.
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