6. Prepare for potential risks

During an economic downturn, there is mounting pressure to reach business targets and generate profits. Do not overlook risk management, especially fraud prevention.

1. Investing into proactive measures costs less than losses arising from fraud.
   
   
2. Your employees must be able to resist risks such as corruption (e.g. in order to reach business targets), manipulating financial results or producing false documents in order to obtain financing.
   
   
3. If fraud occurs, consider the impact on employee morale of your reaction to it, as well as on recovering the damages (such as through anti-fraud insurance or through criminal or civil proceedings).
   
   
4. Make sure that departing employees do not breach your trade secrets and that upon their departure you will have access to all relevant information regarding their work.

How can we assist you?

We perform an analysis of probable risks, help you implement preventative measures and design a reaction plan in case of a crisis.