US businesses impacted by employee theft lost an average of $1.13 million last year, according to the 2017 Hiscox Embezzlement Study.

Embezzlement is not just a problem for large enterprises – businesses with fewer than 150 employees were 10 times more likely to be victimized by fraud than those with 250-500 employees, according to the 2016 Hiscox Embezzlement Study.

The world is getting smaller, and corruption is no longer contained in a single location. It transcends boundaries, impacting people and businesses at multiple global touchpoints.

The impact of digital technology on fraud investigations has yet to reach the C-Suite.

During the first nine months of FY 2015, the U.S. government brought 5,173 white collar crime prosecutions. If the year’s pace continues until the end of FY 2015 in September, the total will only be 6,897 – down by 36.8 percent from levels seen two decades ago, despite the rise in population and economic activity during this period, according to a report from Syracuse University’s Transactional Records Access Clearinghouse (TRAC).

A study of 314 small business owners in Cincinnati found that 40 percent of thefts in small businesses are of money.

Vermont topped the list of highest risk states for embezzlement in 2013, followed by DC, WV, MT & SD, according to the Marquet Embezzlement Report. 

New York's antiquated laws against public corruption, computer crimes and fraud -- including swindles targeting the elderly -- would be beefed up under a series of wide-ranging proposals.

Huge differences in pay and involvement show that women in white-collar crime face sex segregation from their male fraudster counterparts.

By pretending to be executives at a well-known financial institution, the alleged scammers created a bogus line of credit and spent upwards of $220,000.