International Fraud Awareness Week

InfoSecLeague Joins Movement to Shine a Spotlight on Fraud
International Fraud Awareness Week kicks off Nov. 16, 2014 worldwide

Fraud costs organizations worldwide an estimated 5% of their annual revenues, according to a study conducted by the Association of Certified Fraud Examiners (ACFE). If applied to the 2013 estimated Gross World Product, this translates to a potential projected global fraud loss of nearly $3,7 trillion.

The seriousness of the global fraud problem is why InfoSecLeague announced that it will be participating in International Fraud Awareness Week, Nov. 16-22, 2014, as a 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.

InfoSecLeague joins hundreds of organizations who have partnered with the 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, as supporters we will engage in various activities, including: posting articles, news and fraud awareness quiz, and teaming with local media to highlight the problem of fraud.

ACFE President and CEO James D. Ratley, CFE, said that the support of organizations around the world helps make Fraud Week an effective tool in raising anti-fraud awareness.

“The latest statistics tell us that fraud isn’t going away, and companies that don’t have protective measures in place stand to lose the most,” Ratley said. “That’s why it is reassuring to me to see so many businesses, agencies, universities and other organizations involved in the Fraud Week movement. The first step in combating fraud is raising awareness worldwide that it is a serious problem that requires a proactive approach toward preventing it.”

For more information about increasing awareness and reducing the risk of fraud during International Fraud Awareness Week, visit FraudWeek.com.

The 2014 Report to the Nations is available for download online at the ACFE’s website: ACFE.com/RTTN.

About the InfoSecLeague

InfoSecLeague blog is a place of sharing ideas and experiences in the fields of Information Security, Governance and Audit. 

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 70.000 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.