Ken Dulieu examines businesses’ response to fraud and recovering losses
Understanding how organisations respond to fraudulent behaviour might seem like an empty exercise. However, it does provide an insight into how the aftermath of fraud and repercussions for the business including the chances of recovering the money lost to fraud.
In this article, Capcon reviews the most recent Association of Certified Fraud Examiners (ACFE) report – one of the most comprehensive sources of real-world data relating to occupational fraud.The annual report is compiled using data supplied by anti-fraud professionals, sampling over 2,000 cases from 133 countries.
When examining the aftermath of fraud, the first metric that the report covers is the action taken against the perpetrators. per cent pe...