Many companies believe they’re safe and have adequate safeguards in place, with enough fraud prevention processes to keep fraud at bay.
But with 35% of organisations falling victim to some form of economic crime in the last 24 months, they are either suffering from denial, or delusion.
There are many different faces to finance fraud. How well is your organisation protected against Payroll fraud? Procurement fraud? Suspense account fraud? Bribery? Corruption? Theft?
Fraud prevention should not be left to chance, and with so many different forms of fraud risk, guarding against them all is tough. No matter how good your fraud detection and defences are right now, they could be better.
Part 2 of our myth busting guides will help you devise a purpose- built fraud prevention strategy for your business by identifying the risks within your organisation.
"74% of fraudsters took advantage of weak internal controls—a massive 25% increase from 2007."
eBookReducing internal fraud risk is everyone’s responsibility.
With the frequency and scale of fraud occurrences on the rise, reducing risk now needs to be everyone's responsibility. HR, IT, Finance and the Audit team all need to collaborate and work together as an effective unit in order to successfully protect the business.
DatasheetPT-X Protect: Protecting Your Payments & Mitigating the Risk of Fraud and Error
As part of the PT-X® Payments and Business Solutions Suite, PT-X Protect helps to facilitate an organisation’s payments best practice. By focusing on proactive detection and prevention, payments can be analysed for indicators of potential fraud or errors.
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