Duration: 35 Minutes
Fraud is often as simple as someone stealing money from an organisation but it can also be using information such as trade secrets, personal records of customers, or performance, to gain a personal benefit. Action Fraud received over 52,000 reports of fraud in the UK alone in the 12 months to March 2018.
Preventing fraud will prevent monetary loses (sometimes major ones) as well as prevent delicate and private information being shared and distributed.
This course provides management with knowledge on what the signs of fraudulent activity might be, what to do if a risk or suspicion of fraud is encountered and how to raise awareness of fraud.
There is no strict set of rules to follow that will guarantee that an organisation will not encounter fraud but this course will equip people on how best to manage the situation and avoid being a victim.
Fraud can make an individual or group feel unsafe or as if their privacy has been violated. Action Fraud reported in September 2017 that around 272,980 fraud offences (in the UK alone) had been carried out in the previous 12 months.
Fraud Awareness & Prevention: Course Contents
1. What is Fraud?
The course starts with an introduction to the basics of fraud and cover The Fraud Act
2. Detecting Fraud
Many frauds are discovered by tip-off or by accident but it is the employees who are the eyes and ears of an organisation. So, this is where managers need valued and honest employees to be their eyes and ears. You and they should know what’s normal, how things are done and what looks right – and what isn’t. Being aware of when people are acting oddly or out-of-character or processes don’t seem to be followed, is essential.
3. Preventing Fraud
Everyone should know what they are responsible for and know what this means as accountability is necessary for everyone and it can go a long way in preventing fraudulent activity.
4. External Fraud
Using up-to-date software protection, such as a firewall, virus-checking software, anti-malware and anti-spyware is one of the main ways of keeping your data safe. This section looks at the best ways of preventing external fraud.
5. Reporting Fraud
It is important that an organisation has a written Fraud Policy stating a zero-tolerance, explaining what constitutes fraud and the consequences if an employee commits a fraudulent act. It should explain the procedure for reporting and dealing with cases of alleged fraud and it should act as a deterrent – the risk of being caught must be high and the consequences outweigh the benefits.
Get in touch on 01206 363710 or firstname.lastname@example.org to request a free trial.