Employee fraud is an impeding risk. The potential of it occurring at the workplace is a strong possibility that is faced by almost every company. It can result in devastating impacts for Sydney businesses, especially in the form of a considerable losses depicted in annual revenue and income statements. It, therefore, makes it necessary for corporations to collaborate with their service provider of corporate security Sydney to concoct a full-proof plan that both deters and prevents employee fraud against their company.
Some might be aware of the three factors that influence an individual to commit fraud. This is also highlighted in the Fraud Triangle framework as well. According to the framework, in every situation of fraud occurrence a person is:
- Motivated, i.e. has incentive to commit fraud
- Rationalised, i.e. fully justifies committing fraud
- Enabled, i.e. has opportunity to commit fraud
Referring to this when developing a secure, fraud deterrence plan is the best way for companies to protect themselves. When formulating fraud preventative strategies, corporations should focus on eliminating the opportunity present to commit fraud. This can be done using a variety of security guard services in Sydney. For example, implement a strong chain-of-command, in which transactions and financial movements are verified by a superior. It will help CEOs affirm that the being completed by subordinates is both correct and honest. Other ways to deter fraudulent behaviour is by undertaking surprise audits, so that compromised employees do not have the time to eliminate incriminating evidence against them. Lastly, holding up a strong front with fraud-deterring security professionals, along with harsh punishment policies, will also help demotivate and irrationalise fraud activities.
Why us?
Chief Group Services is a promising security company in Sydney that offers impassable safety for your business against all forms of fraud. With our expertise, we will work with our corporate clients to cover all areas of the business that may be vulnerable to fraudulent behaviour and will infiltrate them using our experienced security teams and potent resources.
Enquire about our services by contacting us on 1300 848 698.