• Service: Advisory
  • Industry: Financial Services
  • Type: Publication series
  • Date: 11/20/2013

Global Profile of a Fraudster 

The report analysed 596 fraudsters involved in white-collar crimes committed in 78 countries including Singapore.

Globally, a typical swindler is:

  • An employee: about 61 percent of fraudsters were employed by the victim organisation
  • A manager or executive: about 25 and 29 percent respectively, and they were in executive, finance, operations or sales and marketing functions.
  • A long-serving staff member: more than 40 percent of fraudsters who prey on their own companies have been with the company for more than six years.
  • A collaborator: In 70 percent of frauds, the perpetrator colluded with others.
Global Profile of a Fraudster
Download Now
PDF files require Adobe Reader to view
In Singapore, about 70 percent of the fraudsters analysed were employed by the victim company and they tend to be opportunists. The report also highlighted that many Singapore companies have fewer fraud deterrence measures in place and are especially vulnerable to procurement fraud.