This does not include the many fraudulent activities that are not reported each year. Approximately two thirds of corporate frauds go undetected as claimed in a report published by Berkeley University. Corporations and individuals in Florida lost a total of $89.6 million from fraud in 2019, and Florida is ranked #2 for highest fraud rate in the United States.
In Florida, identity theft is the most frequent form of corporate fraud, usually with intent to use a stolen credit card or bank account information. Illegally collecting data for competitive advantage, whether maliciously or negligently, impacts many organizations in Florida as well.