Occupational fraud, also known as internal organizational fraud, is defined by the Association of Certified Fraud Examiners (ACFE) as “the use of one’s occupation for personal enrichment through the deliberate misuse or misapplication of the employing organization’s resources or assets.”
These types of schemes are usually one of three frauds: corruption (including bribery and economic extortion), asset misappropriation (theft of cash, skimming, etc.), and financial statement fraud (net income over or under statements).
Occupational schemes are also costly: Organizations lose an estimated 5 percent of their revenue each year to fraud, according to the latest statistics from ACFE.
Access more information via ASIS International’s news article and YouTube video.
ANSI Full Members may submit contributions to [email protected]. All submissions are published at ANSI's discretion, and generally must be a resource that is freely available and/or non-commercial information of significant value to the ANSI community.