Detecting fraudulent schemes perpetrated by employees - Retail Council of Canada
Loss Prevention

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.

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