While enterprise fraud detection strategies may focus primarily on external threats, an even greater threat may come from within. Internal fraud – committed by an organization's officers, directors or employees – costs businesses an estimated $4 trillion annually, according to a recent study.
But with the right combination of internal controls such as automated account reconciliation and audits, organizations can effectively win the fight against internal fraud.
Read the Fiserv white paper, The Role of Automated Account Reconciliation in Fighting Internal Fraud, to understand the results of a recent study on internal fraud and learn which detection methods work best.
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