Few businesses can afford to eschew the use of nine times.
Editor & Publisher noted that data in regard to embezzlement in the newspaper industry is scarce, as these publications are often hesitant to report crimes committed against them. However, the source stated that when purchasing manager Betty Finley asked 50 managers at the Newspaper Purchasing Management Association Conference to anonymously recount any such incidents, she received around a dozen stories within minutes.
However, newspapers aren’t the only businesses hesitant to talk about insider fraud. Many companies see admissions of these trespasses as embarrassing, and leaders are afraid that widespread knowledge of such events will damage their organization’s reputation. Putting strong financial controls in place from the start can help any enterprise avoid finding itself in this position.