The survey, shared exclusively with ET, points out that quantum of frauds discovered over the years and the associated modus operandi continue to pose challenges to developing effective anti-fraud strategies.
By ET Bureau |
Agencies
With cyber criminals trying to compromise systems using similar tech tools, brace for multiple Star Wars episodes playing out as organisations seek to oust the villains.
The best efforts at curbing corporate fraud have failed to eliminate it completely. At best, risks can be mitigated. That’s what India Inc looks to do even as a whopping 58% of respondents to Deloitte India Corporate Fraud Perception Survey Edition 3 believe fraud will rise in the next two years. The survey, shared exclusively with ET, points out that quantum of frauds discovered over the years and the associated modus operandi continue to pose challenges to developing effective anti-fraud strategies.
While technology has enabled business processes, has it complicated fraud risk management efforts? Is today’s fraudster more emboldened than before? Can new legislation effectively curb fraudulent practices? These are among the questions that the survey seeks to find answers to.
With cyber criminals trying to compromise systems using similar tech tools, brace for multiple Star Wars episodes playing out as organisations seek to oust the villains. Excerpts from the survey:
