Croixstone Consulting is Official Supporter of International Fraud Awareness Week

Did you know that the typical organization loses 5% of its annual revenues to fraud? 

Croixstone Consulting has joined leading companies (including Accenture, Bank of America, Barclays Bank, Deloitte, EY, General Mills, Grant Thornton, IBM, Oracle, PricewaterhouseCoopers, TD and TIAA) in a global effort to minimize the impact of fraud by promoting anti-fraud awareness and education during International Fraud Awareness Week (November 13-19, 2016).

Sponsored annually by the Association of Certified Fraud Examiners (ACFE), International Fraud Awareness Week addresses the staggering cost of fraud.  According to the ACFE:

  • The organization analyzed 2,410 occupational fraud cases that caused a total loss of more than $6.3 billion
  • The median loss from a single case of occupational fraud was $150,000
  • More than 23% of occupational fraud cases resulted in a loss of at least $1 million
  • Median losses varied by region (USA = $120,000)
  • Of the three major categories of occupational fraud, financial statement fraud caused by far the greatest media loss per scheme
  • When owners or executives committed fraud, the median damage was more than 10X worse than when employees were the perpetrators
  • The more people conspiring in an occupational fraud, the higher the losses tend to be

Learn more about the ACFE and International Fraud Awareness Week here.


Shift from Pink to Purple this November for Pancreatic Cancer Awareness Month

Did you know that more people die from pancreatic cancer than breast cancer in the U.S.? 

The Croixstone Consulting team is joining forces with the Charlotte Affiliate of the Pancreatic Cancer Action Network in shifting from pink to purple this November in support of Pancreatic Cancer Awareness Month and World Pancreatic Cancer Day, taking place on November 17.

Only 8 percent of Americans with pancreatic cancer survive 5 years or more.  In 2010, after seeing too little progress in pancreatic cancer survival in over a half century, the Pancreatic Cancer Action Network put a stake in the ground with a bold and aggressive goal to double pancreatic cancer survival by 2020.  With the help of the Charlotte region, the U.S. will see purple this November and move one step closer to doubling survival by 2020.

Croixstone founder Mark Weber lost his mother to pancreatic cancer in 2013 and serves as the Media Relations Chair for the Charlotte Affiliate of the Pancreatic Cancer Action Network.  Croixstone’s Chief Experience Officer, Patti Weber, lost her father to pancreatic cancer in 2005 and provides leadership as Teams Ambassador for PurpleStride Charlotte, the Charlotte Affiliate’s signature fundraising event (5K timed-run and family-friendly walk).

Join us in the fight against pancreatic cancer and learn more about how you can #WageHope here.