Mythbusting Commercial Crime

We’re pleased to share our recent mythbusting series on Commercial Crime where Katie Sohatski and Simon Bailey tackle common misconceptions that can leave businesses vulnerable to fraud.
 

Catch up here on the key myths that were covered in each episode:
 

Episode 1: Mythbusting Commercial Crime - Part 1

Myth 1: Fraud only happens at big companies

Myth 2: Fraud prevention relies on effective use of technology

In the first episode, Katie and Simon highlight the importance of having a robust Commercial Crime policy in place, offering compelling reasons and real-world examples to support the need for such policies.

 

Episode 2: Mythbusting Commercial Crime - Part 2

Myth 1: A Crime policy only responds where the Police have been involved and/or the person involved was caught

Myth 2: Good risk management only prevents financial losses

Discover how these myths can mislead businesses and why understanding these misconceptions is important for safeguarding your clients' operations, reputation and financial health.

 

Episode 3: Mythbusting Commercial Crime - Part 3

Myth 1: We have a Compliance Team and an annual Audit – they would detect fraud

Myth 2: Frauds are always complex and can be difficult to spot

In the third episode, Katie and Simon tackle the myths on why relying solely on compliance and audits can leave businesses vulnerable and learn how even simple frauds can have a significant impact.

 

Episode 4: Mythbusting Commercial Crime - Part 4

Myth 1: My internal controls are good enough

Myth 2: I trust my employees

In the final episode, discover the importance of evolving internal controls and understanding the risks from both inside and outside businesses.
 

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