Details

  • Service: Advisory, Risk Consulting, Financial Risk Management, Forensic
  • Type: Survey report, White paper
  • Date: 8/11/2011

Who is the Typical Fraudster? 

In KPMG’s 2011 Who is the Typical Fraudster report, we analyzed 348 actual fraud investigations conducted by KPMG member firm in 69 countries to narrow down the profile of a typical fraudster.
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Who is the typical fraudster? Are there any defining traits, features, or behaviors that could help you to identify those individuals within your organization more likely to perpetrate fraud? In KPMG’s 2011 Who is the Typical Fraudster report, we analyzed 348 actual fraud investigations conducted by KPMG member firm in 69 countries to narrow down the profile of a typical fraudster.

Our findings indicate that a typical fraudster is:

  • Male
  • 36 – 45 years old
  • Commits fraud against his own employer
  • Works in the finance function or in a finance related role
  • Holds a senior management position
  • Employed by the company for more than 10 years
  • Works in collusion with another perpetrator
This report is intended to help you learn more about potential fraudsters, identifying fraud ‘red flags,’ and implementing more effective measures to manage the prevention and detection of fraud and your response to it. In the analysis, you will also find that the overriding motivation for fraud is personal greed, followed by pressures on individuals to reach tough profit and budget targets. The survey highlights, more importantly, how weakening control structures make the opportunity to commit fraud easier. By understanding these critical factors, organizations can better mitigate their financial and reputational risks.