International Fraud Week kicks off Nov. 15, 2015 worldwide
West Vancouver, BC– Fraud costs organizations worldwide an estimated 5 percent of their annual revenues, according to a study conducted by the Association of Certified Fraud Examiners (ACFE). If applied to the 2014 estimated Gross World Product, this translates to a potential projected global fraud loss of approximately $3.9 trillion.
The seriousness of the global fraud problem is why WhistleBlower Security announced that it will be participating in International Fraud Awareness Week, Nov. 15-21, 2015, as an official 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.
WhistleBlower Security 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, official supporters will engage in various activities, including: hosting fraud awareness training for employees and/or the community, conducting employee surveys to assess levels of fraud awareness within their organization, posting articles on company websites and in newsletters, and teaming with local media to highlight the problem of fraud.
Since 2005, WhistleBlower Security has been helping organizations world-wide fight fraud by providing ethics based reporting and case management services. Shannon Walker, President of WhistleBlower Security said “we are committed to supporting ethics and integrity in the workplace by providing organizations with the tools they need to enable all stakeholders to anonymously report on wrongdoing.” Walker says “it’s not just fraud, but any unethical activity that can jeopardize that organization’s policies & procedures, culture, and reputation.”
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.”
“Since our first Fraud Week more than 10 years ago, the movement continues to grow,” Ratley said. “I heartily thank all of the supporters of Fraud Week for making it what it is today.”
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. The Report is in PDF format.
About WhistleBlower Security Inc.
For the past 10 years, WhistleBlower Security Inc. has been committed to promoting a culture of integrity, collaboration and transparency for our employees and clients. WhistleBlower Security is a Canadian based global provider of customized ethics reporting services dedicated to safeguarding businesses against risk. Its vision is to create and set the standard of excellence in ethics reporting services while striving to be leaders in Global Stewardship through values of integrity, accountability, transparency and contribution. For more information, visit whistleblowersecurity.com
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 75,000 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.