“The typical business organization loses 5 percent of its annual revenues to fraud with the median loss being $145,000. Is your business in that group? Has your business established the necessary controls and protocols to help you detect fraud early. Is your work force trained on a regular basis to identify fraudulent activities and does a channel exist for them to tip senior management to this activity. These actions are all part of a solid risk management approach to preventing fraud in your business.”
Source: Industry News
