COVID-19: A perfect entry for fraudsters?
20m
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Inside Corporates
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Fraudulent behavioural patterns change in times of a crisis. After the financial crisis in 2008, observable levels of fraud had increased by more than 70 percent. In this episode we are exploring if we can expect something similar, given the nature of the current crisis and specifically what types of fraud corporates are exposed to.
- How do fraudulent behavioural patterns change in times of a crisis?
- What are the top tips for corporates in order to reduce the impact of fraud?
- What are the regulatory expectations from authorities in regards to the current crisis and pandemic?
"It's important to say that colleagues must remember that fraud does not disappear. Fraud simply migrates and that's what we're seeing with the COVID-19 crisis. For the world, it's a pandemic. But for the fraudsters, it's simply an opportunity to migrate their tactics."
Three levels of fraud |Financial misstatement | Consumer fraud| Misuse of governmental support | Association of Corporate Investigators | Segregation of roles and responsibilities
Speaker: Steve Young (CEO of the Association of the Corporate Investigators; Head of Fraud and Investigation at Lombard Odier)
Moderator: Matt Lock
For more information, visit our website: https://www2.deloitte.com/ch/en/pages/mergers-and-acquisitions/articles/inside-corporates-podcast.html
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