"While tips have historically been the most common means of detection in our surveys, the percentage of fraud discoveries attributed to tips in 2008 is quite a bit greater than in 2006" according to the 2008 ACFE Report to the Nation on Occupational Fraud and Abuse. A global study by PricewaterhouseCoopers in 2007 echoed this finding.

In addition, the Report to the Nation found that median losses in organizations with no hotline were more than twice as high as in organizations with a hotline in place ($250,000 versus $100,000).

EthicsLine is the official hotline of the ACFE, offering confidential, anonymous reporting services in 150 languages, 24/7/365. EthicsLine has provided industry-leading hotline programs to 50% of the Fortune 500 for more than 25 years, and boasts the highest actionability rate of reports received within the industry.

Visit the EthicsLine website to learn more about the role EthicsLine can play in your fraud detection and deterrence efforts.