Global profiles of the fraudster | KPMG | MK

Global profiles of the fraudster

Global profiles of the fraudster

Fraud is a global scourge that harms corporate reputations, costs millions and ruins lives.

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Technology enables and weak controls fuel the fraud

We know it is a heavy economic and moral burden on society, but do we know who the typical fraudster is? Are there defining traits, features, or behaviors that could help you to identify individuals within your organization who may be more likely to perpetrate fraud? How they are committing the frauds, and with whom? And, perhaps most importantly, are there way we can use this information to combat fraud? KPMG has reported on fraud trends for many years and this is the third report that profiles fraudsters around the world.

This new report, Global profiles of the fraudster: Technology enables and weak controls fuel the fraud, a follow-up to a 2013 report, is based on a questionnaire asking KPMG Forensic professionals around the world for details about the fraudsters who were investigated between March 2013 and August 2015. The investigation frequently involved interviewing the fraudster, helping KPMG to form a detailed picture of the perpetrator and the fraud committed. This report is based on an analysis of 750 fraudstes across 81 countries. 

Some of our other findings indicate that a typical fraudster is:

  • between the ages of 36 and 55 (69 percent of fraudsters investigated)
  • predominantly male (79 percent), with the proportion of women on the rise at 17 percent, up from 13 percent in 2010
  • a threat from within (65 percent are employed by the company)
  • holds an executive or director level position (35 percent)
  • employed in the organization for at least six years (38 percent)
  • described as autocratic (18 percent) and are three times as likely to be regarded as friendly as not
  • esteemed, describing themselves as well-respected in their organization
  • likely to have colluded with others (62 percent of frauds, down just slightly from 70 percent in the 2013 survey)
  • motivated by personal gain (60 percent), greed (36 percent) and the sense of ‘because I can’ (27 percent).

© 2017 KPMG DOOEL Skopje, a Macedonian limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

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