We hear stories all the time about how some employee created a simple scheme to embezzle money from their unsuspecting employer. It is always amusing to read about how the perpetrator pulled off the heist but all the stories have one thing in common – lack of control....
When fraud is discovered it is easy to see who perpetrated the fraud. The bigger question is who else is indirectly responsible? What led to the fraud? Management does not directly tell employees to commit fraud but management can unwittingly create an environment...
Savvy companies are using technology and carefully designed controls to curb payments fraud. The use of electronic payment methods and a range of fraud mitigation strategies have coincided with a drop in payments fraud over the last year, according to a global survey...
