2009 Global Fraud Report

The 2009/2010 annual edition of Global Fraud Report is available.

Kroll commissioned The Economist Intelligence Unit to conduct a worldwide survey on fraud and its effect on business during 2009. A total of 729 senior executives took part in this survey. A little over a third of the respondents were based in North and South America, 25% in Asia-Pacific, just over a quarter in Europe and 11% in the Middle East and Africa. Ten industries were covered, with no fewer than 50 respondents drawn from each industry. The highest number of respondents came from the financial services industry (12%). A total of 46% of the companies polled had global annual revenues in excess of $1billion. This report brings together these survey results with the experience and expertise of Kroll and a selection of its affiliates. It includes content written by The Economist Intelligence Unit and other third parties.

FBI Issues 2008 Mortgage Fraud Report

In the July 7, 2009 press release, according to the Federal Bureau of Investigation (FBI) 2008 Mortgage Fraud Report,

mortgage fraud Suspicious Activity Reports (SARs) referred to law enforcement increased 36 percent to 63,713 during fiscal year (FY) 2008, compared to 46,717 reports in FY 2007. While the total dollar loss attributed to mortgage fraud is unknown, financial institutions reported losses of at least $1.4 billion, an increase of 83.4 percent from FY 2007.