"More frauds are detected by tips than by any other method…" according to the 2006 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 organizations with hotlines detected fraud sooner than those without (15 months vs. 24) and suffered smaller losses (median loss of $100,000, vs. $200,000).

The Report to the Nation goes on to say, "…anonymous reporting mechanisms are a key component of effective anti-fraud programs." EthicsLine is the official hotline of the ACFE, offering confidential, anonymous reporting services in 150 languages, 24/7/365.

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