Fraud is a global scourge that harms corporate reputations, costs millions and ruins lives.
We know it is a heavy economic and moral burden on society, but do we know who the typical fraudster is? Are there defining traits, features, or behaviors that could help you to identify individuals within your organization who may be more likely to perpetrate fraud? How they are committing the frauds, and with whom? And, perhaps most importantly, are there way we can use this information to combat fraud? KPMG has reported on fraud trends for many years and this is the third report that profiles fraudsters around the world.
This new report, Global profiles of the fraudster: Technology enables and weak controls fuel the fraud, a follow-up to a 2013 report, is based on a questionnaire asking KPMG Forensic professionals around the world for details about the fraudsters who were investigated between March 2013 and August 2015. The investigation frequently involved interviewing the fraudster, helping KPMG to form a detailed picture of the perpetrator and the fraud committed. This report is based on an analysis of 750 fraudstes across 81 countries.
Some of our other findings indicate that a typical fraudster is:
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