‘because fraud happens’, you can’t afford to ignore it. There are huge costs associated with a fraud occurring. Beyond losses directly from the fraud there are significant costs associated with investigation, litigation, legal, regulatory issues, public relations, staff issues and management time.

A proactive approach is a sensible and cost effective method to prevent fraud in the first instance. We use a methodology to help uncover where your organization is exposed from internal and external fraud.

Every staff position, business unit or product line presents a different opportunity for fraud to occur. There is reliance on standard controls supported by policy and procedure. This is simply not enough. Your stakeholders and regulators expect organizations to take a proactive approach.

We can help your business to:

• Identify specific ways fraud can be perpetrated and used against your company
• Quantify potential losses
• Recommend immediate and long term strategies to counter fraud
• Raise the levels of awareness about fraud and how it can occur

Criminal groups test your systems without your knowledge. Your staff are approached and information is often unwittingly provided. Staying ahead of criminal fraud requires informed understanding of the precursors that are present for fraud to succeed.

There is many ways in which systems and processes can be circumvented or manipulated. A frequent user of systems knows the weaknesses.

Insight Risk Group provides a proven approach to identify fraud exposures. We use skilled interviewing techniques and tap in to the knowledge of your staff who input data and process transactions. They are the people who know the weaknesses.

We stress test your control environment and identify loopholes that lead to fraud succeeding.

Our clients include operational risk managers, internal audit managers and security managers who want a cutting edge approach and results to match. The result is satisfaction of stakeholders, the board and regulators.

The additional benefit is that the results assist you with the requirements under SOX and Basel 2.