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According to the Association of Certified Fraud Examiners (ACFE), approximately half of insider fraud cases involve multiple perpetrators who colluded with one another to commit fraud, with actual fraud losses rising significantly when multiple fraudsters are involved.

One reason why the losses are higher is that when more people are involved, there are more opportunities to commit fraud and it becomes easier to circumvent anti-fraud controls and conceal the fraud for longer.

Why it matters?

The majority of insider fraud losses — as high as 80% — are caused by collusion of two or more employees, even though only 45% of the incidents are attributed to collusion.

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