Threat from Within: Employee Fraud
Financial Institutions Face Risk from Internal Fraudsters
February 25, 2019 by Verafin
The Association of Certified Fraud Examiners (ACFE) report that employee fraud “is likely the largest and most prevalent threat” faced by organizations today. This “fraud committed against the organization by its own officers, directors, or employees—constitutes an attack against the organization from within, by the very people who were entrusted to protect its assets and resources.”
In this insightful blog post, you will learn five tactics employees may use to commit fraud against their employers, along with an exploration of fraud controls that financial institutions can implement for appropriate monitoring of employees.