Embezzlement

Whether an investigation is predicated on information surfaced by management or in a response to an investigation by a regulatory or law enforcement agency Internal or insider fraud perpetrated by employees is a pervasive and costly problem for industry.

Research isuggests that 15% of information breaches are the result of corrupt business employees.

The Association of Certified Fraud Examiners has reported an average loss per fraud incident of $258,000 (specific to the banking / financial services industry).

In another recent study, surveyed risk managers reported that on average, 60% of bank fraud is committed by insiders. CIC Worlwide has a broad experience in the detection of fraud matters and assists our corporate clients in resolving allegations of wrong doing and employee misconduct at every level from the workroom to the boardroom.