Avoiding the losses that result in cases of fraud is not a matter of luck or good fortune. Strategic fraud prevention programs, strategies, and processes form the front line of fraud defense by identifying and filling gaps before losses happen.
The Association of Certified Fraud Examiners (ACFE) has a valuable resource available to help assess the health of your existing fraud prevention processes. Known as the ACFE Fraud Prevention Check-Up, the self-administered ‘check-up’ can give you a candid view into your company’s vulnerability to fraud and identify major gaps in your processes. … Continue reading
In movies and television it’s easy to spot the criminals. In real life, and particularly when it comes to fraud, this is not the case. In occupational fraud, it’s especially difficult because the crimes are committed by people you have entrusted to represent your organization. These are people you know and trust; not masked characters lurking in the shadows.
Despite this, there are a number of commonalities among fraudsters, and specific trends in their crimes. Awareness of demographic information and the behavioral trends surrounding fraud perpetrators is a crucial component of uncovering occupational fraud, which has grown into a potential $3.5 trillion a year global crime. … Continue reading