Detecting fraudulent schemes perpetrated by employees
May 4, 2020
Recent media coverage has focused on the effect of COVID-19 on the emergence of cyber related frauds, including social engineering and phishing schemes. Employers would also be wise to consider the unique opportunities for fraud detection arising from government-mandated shutdowns, social distancing and the prevalence of employees working remotely. The recent work from home phenomenon may enhance the effectiveness of internal controls designed to detect any previously well-tended fraudulent employee schemes, including secret commission or kickback schemes, procurement and supply chain fraud, inventory theft, phony invoicing and other dishonest or fraudulent schemes.
