Take a look at your counter fraud approach right now.

Ask yourself one question,

Do you consider the psychology of prevention?

Put simply

If an individual is intent on committing fraud

How do you change their mind?

1. What barriers and visual detection measures are in place?
2. What security layers do people have to go through?
3. What visual, verbal and written security communication do they receive?

Do fraudsters perceive that there is a good chance of getting caught?

In entering or moving within your organisation

Is your data documented or recorded?

With these actions in place

How do you increase their effort in committing fraud?

A client case example

When assessing an organisations approach to procurement fraud

It was clear that staff

• didn’t recognised procurement fraud and corruption as a risk
• supplier staff could sit in the procurement department
• no compliance capability to assess company fraud risk
• they had significant insider and external threats

Introducing simple barriers

• Allowed greater management of risk
• Easier identification of non-compliance and changes of behaviour
• Ability to collect risk data from control measures

So, keep it simple

It’s all about your information flow

Build on this approach 

1. Start by educating leadership teams on risk assessment
2. This awareness will help the change needed to be made.

Do you use the psychology of prevention?

How would you change a fraudsters mind?