Public sector major redundancies are unavoidable and the mobilization of public sector employees will undoubtedly low. The private sector has learned at his own expense and that sometimes, it is essential to protect your business from employee fraud.
The majority of people would never consider defrauding the company they work for, however sometimes there are always a few people, especially the economic difficulties, which are tempted to commit fraud and if the right fraud prevention tools are not in place, they may well succeed!
The findings of a survey of Advanced Business Solutions earlier this year has been revealed that 41% of the UK managers and finance professionals believe that it would be possible for them to commit fraud in their organizations. A survey conducted by Ernst & Young 11th Global Survey of fraud, published at the same time revealed that fraud appears to be on the rise (from 13 to 14% at the United Kingdom over the past two years). Expenditure reductions announced today, that will lead to considerable public sector layoffs are likely to further increase the United Kingdom fraud levels.
To avoid being victim of fraud, ensure that your organization is investing in additional security solutions such as spend analytical software, providing another layer of fraud detection and prevention. As well as provide spend visibility to help inform the expenditure reductions by offering a comprehensive and unique spending an organization view spend analysis allows the rapid detection of any defect of expenditure. Without additional security like this in place systems, organizations will remain vulnerable to fraud, especially when the dismissals in the public sector are at their top.
Therefore learn private and protect your organization against fraud - public sector you cannot afford to not!
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