A few numbers about types of business fraud Percent of fraud cases by size of victim organization 46%100-999 employees21%1,000-9,999 employees20%10,000+ employees13% Median loss by size of victim organization$98,000100-999 employees$78,5001,000-9,999 employees$87,50010,000+ employees$105,500 Experts estimate total occupational losses amount to 6% of U.S. GDP. Estimated losses in recent years: 1996$400 billion2002$600 billion2004$660 billion Check Tampering Percent of fraud cases20%Median loss$155,000 Source: “2004 Report To The Nation,” Association Of Certified Fraud Examiners Related content feature Top cybersecurity M&A deals for 2023 Fears of recession, rising interest rates, mass tech layoffs, and conservative spending trends are likely to make dealmakers cautious, but an ever-increasing need to defend against bigger and faster attacks will likely keep M&A activity steady in By CSO Staff Sep 22, 2023 24 mins Mergers and Acquisitions Mergers and Acquisitions Mergers and Acquisitions brandpost Unmasking ransomware threat clusters: Why it matters to defenders Similar patterns of behavior among ransomware treat groups can help security teams better understand and prepare for attacks By Joan Goodchild Sep 21, 2023 3 mins Cybercrime news analysis China’s offensive cyber operations support “soft power” agenda in Africa Researchers track Chinese cyber espionage intrusions targeting African industrial sectors. By Michael Hill Sep 21, 2023 5 mins Advanced Persistent Threats Cyberattacks Critical Infrastructure brandpost Proactive OT security requires visibility + prevention You cannot protect your operation by simply watching and waiting. It is essential to have a defense-in-depth approach. By Austen Byers Sep 21, 2023 4 mins Security Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe