Internal Fraud: Important considerations in a Hybrid Workplace

Since COVID we’ve seen a significant shift in the way organisations function with more and more people working from home.
Fraud occurs when the right opportunity, time and motivation occurs – the fraud Triangle – which has increased through this shift in location.
Without oversight employees may find that that they can get away with non-compliant activities like payroll fraud, ghost employees/vendors or shell companies.

Over the last twenty years, fraud has cost the Australian economy $60B in aggregate losses so understanding the risk factors and ways to prevent fraud from occurring is crucial to businesses bottom line.

In this 45-minute session, hear from Kathleen Clough, Senior Manager at ASIC. She will cover:
– What are the risk factors for employee fraud schemes
– What are the signs that employees are conducting a fraud scheme
– What to do if you suspect employee fraud – both for both leaders and everyday employees/team members
– What actions should be taken to mitigate the risk of fraud – e.g. chain of custody procedures, digital footprint monitoring of employee behaviour; actions from a leaders’ perspective and a team members’ perspective.