Half of the fraudsters had been employed over five years and a quarter had been employed over ten years with their companies. Common ways people defraud companies or governments include inflating expense reports, stealing company property, altering books to make profits look better, pocketing money through cash sales, taking kickbacks or bribes and creating phony supplier invoices. Yet other forms of employee fraud include claiming extra hours worked and funneling money via computer into personal accounts. If fact, it's almost inevitable. Not nearly enough is being done to focus on fraud awareness within organizations and to treat fraud as a serious risk.
Somebody needs to take ownership of fraud risk management in the organization.
It's too important to be ignored or to assume that someone else is looking after it. While there is a resounding notion out there that not enough is being done to prevent fraud, this is not to say that there is a lack of professional services catering to the detection of fraudulent behavior. Private investigation firms specializing in corporate fraud abound. A popular service provided by private investigation firms is the performance of employee background checks. Oftentimes, hiring is done at companies quickly and in a rush due to time constraints.