Fraud Barometer: The face of Australian fraud in 2015

Fraud Barometer: The face of Australian fraud in 2015

KPMG’s Fraud Barometer, which examines fraud cases brought before Australian courts, reveals that for the period April to September 2015 there have been 91 frauds with a value of just over $128 million. The average value per case is $1.4 million.

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KPMG Australia

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Key findings

  • The most common perpetrators are ‘business insiders’, management and employees, with frauds attributable to management averaging $3.3m which is around double of those committed by non-management employees. They are closely followed by professional criminals which includes organised crime at $2.9m.
  • Government agencies and investors together were the victims of more than $57m worth of fraud.
  • More than half the fraudsters were aged over 46 years, with frauds committed by men (71 percent) far more prevalent than those committed by women (26 percent).
  • Maintaining extravagant lifestyles and gambling are key drivers of frauds, regardless of gender.
  • Most frauds relate to misappropriation of assets and abuse of position.
  • Cyber-crime is an underlying theme in many of the frauds reported.

Australian Fraud Barometer

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