It is International Fraud Awareness Week

Fraud is something you probably don't expect to happen in your business, but it's on the increase and it can happen to anyone.

The increased cost of living means opportunistic fraud has increased globally by 30 percent in the last 18 months alone¹. Other types of fraud are rising too. Like, for example, conflicts of interest when fictitious or inflated invoices are created to benefit someone connected to your business. Or identity fraud as a result of spam or phishing.

You or your business are more likely than ever before to be affected by fraud. So here are some warning signs to watch for.

• Single points of control
  Is there any area of your business where one person has control without someone else verifying and signing off on key activity? For example, onboarding, procurement, invoice approvals, or budgeting? If so, review and change your process.