Organisations of all sizes are finding themselves victims of fraudulent activity. It's important to remember that there are both external and internal perpetrators of fraud.
- Internal threats: examples include disgruntled employees who may pilfer company assets, overstate expenses or overbill customers. Workers may also collude with suppliers to defraud the firm (misappropriation of funds). There may also be fraudulent reporting of company accounts by senior managers.
- External threats: these come from customers (obtaining goods or services without paying or misrepresenting their finances), suppliers (submitting false or duplicate invoices), or representatives (not passing on all the money they receive to our firm). Fraud may also be committed by people who are unknown to us via identity theft, CEO fraud, and so on.