Fifty thousand dollars. That’s the median loss for a company battling payroll fraud.
And while that’s a sum no organization wants to pay, the Association of Certified Fraud Examiners (ACFE) found that most perpetrators don’t limit themselves to one type of financial fraud, meaning that $50K can quickly turn into hundreds of thousands in loss.
It’s therefore important to understand payroll fraud – and how to combat it – so you and your team can monitor signs of fraudulent activity and act quickly.