Fraud in the digital world: Prevention is better than investigation

Fraud in the digital world: Prevention is better than investigation

Fraud is a word that all organisations should be mindful of and the action itself be fearful of. No one is immune to it and no one should take it lightly. The ever-increasing digital landscape makes us more susceptible than ever before, with cybercrime being the fastest growing fraud in the world.

But wherever possible it is better to try and prevent fraud as much as you can rather than investigate it after the event…as Benjamin Franklin said:

“An Ounce of Prevention is Worth a Pound of Cure”

A fraudster will know no boundaries in their pursuit of misappropriating your assets, as the recent Coronavirus showed they will attack us when we are at our most vulnerable.

Everyone is a target of a fraudster; no industry, sector, company, or individual should ever consider they are not on a fraudster’s radar.

The digital world makes us all targets and not only are fraudsters after your assets, but they are also after your data. It is often said that “data” is a fraudster’s new currency.

Why are charities a target of fraudsters?

Find out more and download issue three of our 'Digital in the Third Sector' guide here.

Would you like to know more?

If you have any queries regarding what we cover in our guide, please get in touch with your usual contact or email charities@azets.co.uk.