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.

Read full article from Bennet Jones

Be heard. Save money. Stay informed.

Become a member