Given the dynamic nature of white-collar crime and fraud, Protiviti and the Economic Crime and Justice Studies Department at Utica College conducted a comprehensive survey of white-collar crime and the fraud risk management frameworks used to combat them. While there were a number of notable findings that emerged from our research, one thing seems quite clear: The majority of organizations are not well positioned to conduct investigations.
Many organizations conducting investigations are under-resourced and are spending more time “putting out fires” than focusing on fraud detection and applying a consistent investigative approach. Organizations without strong fraud detection and reporting programs face a higher risk of damaging “whistleblower” disclosures. In this podcast, Utica College’s Donald Rebovich and Protiviti’s Scott Moritz share their thoughts on key findings from the inaugural White Collar Crime and Fraud Risk Survey.