Prevention is Better than Cure

“PREVENTION IS BETTER THAN CURE”

This may be an old adage but it still holds true today. The question that needs to be asked is, “How sure are you that you have the proper controls and checks in place in your business to ensure that you are not the victim of fraud?” The reality is that 80% of all fraud in the business sector involves the collusion of an employee and what one must remember is that the secret of the perfect fraud is that the victim is blissfully unaware that they are a victim. All too often business losses are blamed on external influences – the market, the competition - when in most cases a few simple cost effective checks and measures would have prevented the loss in the first place. Remember the fraudster does not necessarily always go for the big hit, rather the steady trickle that is harder to spot but nevertheless accumulates over a period of time. ‘How many of your employees are stealing from you?’ is the question we ask. Do you know the answer and if not, why not?

Corporate Fraud Solutions can investigate all manner of criminality in your business but we would prefer to help you prevent those events in the first place. We can carry out a risk assessment in respect of theft and fraud in any specific area of your business operation, or an overall assessment covering areas from recruitment through to training and procedures. Our advice is based on many years experience in the police and private sector and is tailored to suit the client’s needs. It is all too easy to recommend expensive sophisticated technology but we try to offer simple cost effective practical solutions that will increase protection for your business as well as training your management and employees in fraud awareness. Remember fraud is currently costing UK business £40 million per day!