Don’t get caught flat-footed by fraud
Regulators are already leveraging data analytics, and whistleblowers have an incentive to report incidents before you may be aware of them. So a lack of information is no excuse. If economic crime is occurring in your company, you need to be the first to know — and take action promptly.
The “noise” you need to hear is out there now
Whether your focus is compliance and early detection — or responding to a regulator — stay focused on uncovering and piecing together evidence. Listen for and analyze both structured (internal) and unstructured (open-source, social network) data to pick up warning signs.
Time is of the essence
In a crisis, it’s a race against the clock to respond to regulators, your stakeholders and the press. Preserve your reputation (and your credibility): bring in your analytical firepower swiftly — and map out your investigation and the flow of events, using both structured and unstructured data.