[Akron, Ohio]– $3.1 billion lost to fraud. Those were the total losses calculated in Occupational Fraud 2024: A Report to the Nations, the latest report from the Association of Certified Fraud Examiners (ACFE) which analyzed 1,921 occupational fraud cases.
The seriousness of the global fraud problem is why Red Flag Reporting announced that it will be participating in International Fraud Awareness Week, Nov. 17-23, 2024, as an official supporter to promote anti-fraud awareness and education. The movement, known commonly as Fraud Week, champions the need to proactively fight fraud and help safeguard business and investments from the growing fraud problem.
Red Flag Reporting joins hundreds of organizations who have partnered with Red Flag Reporting’s client ACFE, the world’s largest anti-fraud organization and premier provider of anti-fraud training and education, for the yearly Fraud Week campaign.
During Fraud Week, official supporters will engage in various activities, including hosting fraud awareness training for employees and/or the community, conducting employee surveys to assess levels of fraud awareness within their organization, posting articles on company websites and in newsletters and teaming up with local media to highlight the problem of fraud.
As noted by Red Flag Reporting’s President Ray Dunkle, the staggering $3.1 billion lost to fraud, as highlighted in the latest ACFE report, underscores the critical need for increased awareness and proactive measures.
“Red Flag Reporting is proud to support International Fraud Awareness Week. As a company dedicated to promoting ethical practices and safeguarding businesses from fraud, we aim to educate and empower organizations to detect and prevent fraud. By participating in Fraud Week, we are working towards ensuring a safer and more transparent business environment for all.”
ACFE president John Gill, J.D., CFE, said that the support of organizations around the world helps make Fraud Week an effective tool in raising anti-fraud awareness.
“Fraud is an issue that unfortunately affects people from all walks of life around the world and it takes many forms,” said Gill. “Whether it’s a trusted employee stealing from a small business, or organized rings of fraudsters targeting seniors in our community, most people know someone who’s been victimized by fraud. That’s why it’s so important for organizations to join in this fight together to raise awareness during this week. It is a serious problem that requires a proactive approach toward preventing it and educating people is the first step.”
For more information about increasing awareness and reducing the risk of fraud during International Fraud Awareness Week, visit FraudWeek.com.
About Red Flag Reporting
Red Flag Reporting is a global provider of ethics and fraud hotline services, dedicated to helping organizations detect, deter and prevent unethical and unsafe behavior in the workplace. Based in Akron, Ohio, we offer comprehensive solutions that empower employees to report suspicious activities anonymously and securely. Our mission is to promote transparency, integrity, and accountability within businesses, ensuring a safer and more ethical work environment. For more information, visit www.redflagreporting.com.
About the Association of Certified Fraud Examiners
Based in Austin, Texas, the ACFE is the world’s largest anti-fraud organization and premier provider of anti-fraud training and education. Together with more than 90,000 members, the ACFE is reducing business fraud worldwide and inspiring public confidence in the integrity and objectivity within the profession. For more information, visit ACFE.com.