CHARLESTON, WV (LOOTPRESS) – From November 13th-19th, 2022, the Association of Certified Fraud Examiners (ACFE) is recognizing International Fraud Awareness Week, which is a global effort to minimize the impact of fraud by promoting anti-fraud awareness and education.
ACFE president and CEO Bruce Dorris, J.D., CFE, CPA, said that the support of organizations around the world helps make Fraud Week an effective tool in raising anti-fraud awareness.
“Fraud is an issue that unfortunately affects people from all walks of life around the world and it takes many forms,” said Dorris. “Whether it’s a trusted employee stealing from a small business, or organized rings of fraudsters targeting seniors in our community, most people know someone who’s been victimized by fraud. That’s why it’s so important for organizations to join in this fight together in order to raise awareness during this week. It is a serious problem that requires a proactive approach toward preventing it and educating people is the first step.”
Fraud costs organizations worldwide an estimated 5 percent of their annual revenues, according to a study conducted by the Association of Certified Fraud Examiners (ACFE). Occupational Fraud 2022: A Report to the Nations analyzed 2,110 occupational fraud cases that caused a total loss of more than $3.6 billion.
“Fraud happens every single day, multiple times a day,” says Cabinet Secretary Jeff Sandy. “As a Certified Fraud Examiner, I can tell you that it is incredibly important for individuals and businesses to understand how to identify fraud so that it can be successfully prevented.” Sandy says that starting a conversation about fraud with your friends and family is the first step in the fraud prevention process. “If you are talking about what fraud is, how to identify it, who to call when you see it—all of those conversations work towards solving the problem together.”
If you or someone you know has been affected by fraud, please call your federal, state, or local law enforcement agencies.