The CFEs who participated in our survey estimated that the typical organization loses 5% of revenues in a given year as a result of fraud. The total loss caused by the cases in our study exceeded $6.3 billion, with an average loss per case of $2.7 million. The median loss for all cases in our study was $150,000, with 23.2% of cases causing losses of $1 million or more. Asset misappropriation was by far the most common form of occupational fraud, occurring in more than 83% of cases, but causing the smallest median loss of $125,000. Financial statement fraud was on the other end of the spectrum, occurring in less than 10% of cases but causing a median loss of $975,000. Corruption cases fell in the middle, with 35.4% of cases and a median loss of $200,000.