Insider Fraud

Employee fraud can take many forms Ranging from fraudulent job applications, obtaining a benefit by theft or deception e.g. via procurement fraud or false expenses/spending and unlawful disclosing of personal data, amongst others.

For Tenet, the key to tackling this type of fraud is identifying the key assets of an organisation most at risk and then advising on the areas of weakness in a business’s processes and procedures concerning those assets.

There is no one size fits all, so we aim to implement improvements to have a practical and real impact on the reduction of the opportunities for exploitation.

Examples of such measures being the changes in processes which causes exposure to risk, developing recruitment processes, directing signing up to fraud prevention databases which share information on known fraudsters, introducing clear anti-fraud and “whistle-blowing” policies and creating an environment which understands and takes internal fraud seriously; being open and frank about incidents that occur and taking swift and effective action against any perpetrators.

Being sensitive to employee morale and alert to any grievances is also important to reduce the risk of an employee turning against its employer.