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What is the estimated annual cost of fraud in the United States?

April 26, 2017annual COST estimated fraud united states

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What is the estimated annual cost of fraud in the United States?

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Participants in an Associated of Certified Fraud Examiners (ACFE) survey estimated that U.S. organizations lose 7% of their annual revenues to fraud. Applied to the projected 2008 U.S. Gross Domestic Product, this 7% figure translates to approximately $994 billion in fraud losses.