Investing in preventing fraud pays dividends – but are you doing enough? Barely half of the organisations in our survey allocate dedicated resources to fraud risk assessment, governance and managing third parties. To raise your game in preventing fraud, you should focus on three actions. First, identify, rank and address all your risks. Second, back up your anti-fraud technology with the right governance, expertise and monitoring. And third, take notice of fraud when it happens.
1. Taking action: being prepared
If you don’t have the right elements in place to prevent fraud, take three clear steps.