Whistleblower tips are the most common method of detecting occupational fraud. Research by the Association of Certified Fraud Examiners shows that more than 60 percent of frauds are uncovered by tips; in organizations with a hotline in place, tips expose more than half of all frauds. Further, nearly 40 percent of tips are received from internal employees.
Research conducted by the Association of Certified Fraud Examiners (ACFE) shows that the typical organization loses an estimated 5 percent of its revenues to fraud each year, and more than 85 percent of all occupational fraud cases involve employee theft.
Consolidation and technological advances are changing the face of the guarding industry. How will this affect enterprise security leaders? Learn more about changes to the security officer services industry as well as the Top Guarding Firms Listing in the December 2016 edition. Also in this issue: a new financial focus on cybersecurity, what to do in your first three months as a new CSO, the ostrich style of security management, and more.