Managing fraud in an organization involves three important activities. These are prevention, controls, and detection. The CEO or COO of any organization should have fraud management as one of his or her main functions with strong emphasis on “prevention”.
Recession is still here – forget about the theoretical exit! For hardworking and positive people, it is not here to stay. It will however disrupt the flow of our activities, peace and possibly create some problems such as displacements, relocation, security and health problems temporarily.
The critical success factors which are very common to all Fraudsters, which will be explained below, are “speed, cash, fear, trail and illusion that they will not be caught”.