Do you increase the risk of an insider getting caught?

Do you recognise where your insider threat risk is?

Is it in asset management, procurement, finance, sales or some other areas of your operations.

Consider this detection approach.

How do you increase the risk of fraudsters getting caught?

Simple steps to consider…

1. extend guardianship──with dual controls and levels of financial authorisation
2. reduce anonymity──in decision making and non-compliance with procedure 
3. strengthen formal surveillance──in communication systems and business contact

Consider this case example.

Having been invited by a client to look at a potential corruption risk 

from a member of the procurement team, one of the areas 

we looked at was internal communication.

There was no internal monitoring or audit of the system, however,

We identified very quickly that the individual was sharing 

commercially sensitive information including 

pricing data to their own email account.

Further checks confirmed that the individual was 

• a shareholder in one supplier and 
• was in the process of setting up a second company
• the pricing information was to ensure they were the lowest bid.

Remember, internal communication is yours to audit.

Simple signage in this area ‘confirming that emails and calls are monitored’ can act as a deterrent.

• It adds a layer of guardianship
• reduces the perception of anonymity and 
• highlights the strengthening of formal surveillance.

The message is clear…

We take corruption seriously and there is a greater chance of you getting caught!

As an action, 

1. introduce signage in your email systems that they are monitored
2. have individuals involved in tender scoring sign a conflicts of interest declaration
3. restrict access to offices and documents on a need to know basis

See what the changes in behaviour are, it might surprise you.

Do you take an efficient anti-corruption approach?