Dealing With Fraud Risk

Since the onset of the global financial crisis in 2007, the number of fraud cases reported at work has risen and yet still many organisations are struggling to implement effective and efficient anti-fraud strategies. History has taught us that, lack of proper fraud detection and prevention systems and controls within the organisation, can actually bankrupt a business. In this article, I look at strategies that an organisation can use to keep ahead of fraudsters and also look at organisations that collapsed as a result of undetected fraud.