Article ID: e96aa1785f176800d03956955b5bf4c124b69c7c6db8e972ba6dd7bed4c57abe
Source ID: secondary:businessinsurance.com
Published At: -
Extraction Method: bs4_heuristic
URL: https://www.businessinsurance.com/employee-crime-affects-most-large-firms-survey/
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Employee crime affects most large firms: Survey - Business Insurance Skip to content Register for free Search Search Log In Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Employee crime affects most large firms: Survey by Gavin Souter Risk Management Mar 3, 2026 Some level of employee crime is common among large U.S. companies, with 80% of risk managers reporting that staff stole from, defrauded, or embezzled from their companies in the past year, according to a QBE Insurance survey released Tuesday. Over the past three years, billing fraud was the most common type of employee crime, cited by 36% of respondents. Payment and check fraud accounted for 23%, payroll fraud 19%, cash theft 13% and non-cash theft 10%. Schemes included fictitious or manipulated invoices, “ghost employees” and inflated expense reports, the report said. Employee crime often involves more than one perpetrator. Thirty-seven percent of risk managers said incidents frequently involved multiple employees, 46% said they occurred occasionally and 18% said they were rare. Artificial intelligence is an emerging concern. Ninety-four percent of respondents said they are concerned that employees will use AI to commit workplace crimes. Forty-five percent said their organizations already use AI-based systems to detect and prevent employee crime, and another 50% plan to implement such systems within the next year. Other tools to reduce employee crime include automated monitoring tools (55%), employee training (54%) and internal audits (50%). Eighty-two percent of respondents said they segregate duties to prevent any one employee from controlling an entire financial transaction and most conduct regular reviews of authorized vendors. The survey was conducted in January among 200 U.S. risk managers at companies with at least $500 million in annual revenue, QBE said. Related News Virginia passes bill to increase comp burial expenses March 3, 2026 Squirrel indicted in Ohio network outage March 3, 2026 MGA Rokstone launches division focused on digital economy risks March 3, 2026 Axa XL names E&S casualty zonal leaders March 3, 2026 Hilb hires former Risk Strategies exec as platform leader March 3, 2026 Marine insurers widen high-risk zone in Gulf as conflict escalates March 3, 2026 Zurich stock drops after Beazley financing move March 3, 2026 Zurich inks deal to buy Beazley for $10.8B March 3, 2026 Iran conflict to complicate insurance in region: Morningstar March 3, 2026 Facebook-f X-twitter Linkedin-in Business Insurance is a singular, authoritative news and information source for executives focused upon risk management, risk transfer and risk financing. Never miss important news: Become a Business Insurance Online subscriber today Subscribe Now Information About Us Contact Advertise Privacy Policy Terms & Conditions Copyright 2026. BUSINESS INSURANCE HOLDINGS Member, Beacon International Group, Ltd.
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