AI's dual promise

International Fraud Awareness Week is a strategic checkpoint for leaders committed to safeguarding trust. Fraud prevention isn't just about smarter systems or tighter controls. It's about building a culture where integrity is instinctive, and accountability is shared.

White-collar crime is increasing throughout the corporate hierarchy posing a significant challenge to organisational integrity. Organisations must implement proactive fraud mitigation strategies, including whistleblower mechanisms, robust third-party risk assessments, and comprehensive employment screening.

Organisations in the growing consumer markets sector with health and safety becoming priority, consumer preferences are also undergoing change. With the increase in frauds and leakages, the International Fraud Awareness Week presents an opportunity for businesses to shift from traditional methods to identify leakages, act early, and take preventive measures.

Every vendor, supplier and partner bring both opportunity, and risk. Understanding who we work with, what they stand for, is crucial. Third Party Risk Management (TPRM) does just that. One of the best ways to protect trust, credibility, and relationships is through risk-based third party reviews - helping ensure supply chain is secure and maintain steady operations.