Fraud is endemic to the working world, as the management
of every organisation knows well. However, awareness of fraud and
willingness to combat it do not lead to practicable change on their
own, and many entities today are unknowingly vulnerable as a
result.
James Tebbs and Kassem Younes, Senior Managing Directors at
Ankura, take an in-depth look at fraud prevention in this article,
presenting an intuitive 'cycle' that any organisation can
use to drive change in its resilience against fraud.
"Fraud – it's a hot
topic." Not a very inspiring or original headline.
At any time, and in almost any place, the anti-fraud agenda can
be heard linked to global crises, national agendas, corporate
imperatives or simply personal security – yes, it affects us
all. The COVID-19 pandemic: fraud is on the rise. Increased use of
digital tools: fraud is on the rise. Working from home: fraud is on
the rise.
