Profiling The Fraudster: Removing the Mask to Prevent and Detect Fraud

Profiling The Fraudster: Removing the Mask to Prevent and Detect Fraud

by Simon Padgett
     
 

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Research evidence revealed in Profiling the Fraudster makes the facts strikingly clear: around 80% of occupational fraud is committed by insiders, and most of that fraud is neither complex nor particularly well hidden. Why then does fraud still account for worldwide losses of up to $3.5 trillion? In this book, Simon Padgett, a forensic

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Overview

Research evidence revealed in Profiling the Fraudster makes the facts strikingly clear: around 80% of occupational fraud is committed by insiders, and most of that fraud is neither complex nor particularly well hidden. Why then does fraud still account for worldwide losses of up to $3.5 trillion? In this book, Simon Padgett, a forensic investigator with over 20 years' experience, argues compellingly that the real culprit is a widespread failure to adequately understand the characteristics of fraud perpetrators.

Most fraud prevention and detection programs focus on controlling the environments in which fraud takes place. Yet this strategy all but ignores the actual source of fraud: human beings. Even the most tightly controlled financial environments are used and operated by individuals, so it is crucial that auditors and fraud investigators stop turning a blind eye to the people who use and abuse their internal systems. The comprehensive overview of investigative psychology in Profiling the Fraudster will allow businesses to close this gap in fraud prevention.

Understanding the profiling process is one thing, but putting it into action can be a touchy business. Before proceeding, anti-fraud professionals need to understand the best practices in making fraudster profiling a reality. As Profiling the Fraudster progresses from theory to practice, it guides readers through the step-by-step process of developing a fraud profiling methodology.

A host of charts and diagrams illustrate the process and act as powerful tools for implementing new fraud prevention strategies as quickly as possible. These include instructions for productive data mining, compiling a list of key characteristics of the fraudster, evidence-based red flags and warning signs, and a guide to bringing human resources on board with profiling during the recruitment process.

Worldwide, there is a great deal of room for improvement in the way we address the major white-collar crime challenge of employee fraud. Profiling the Fraudster is a unique resource and a significant step in improving anti-fraud activities across sectors.

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Product Details

ISBN-13:
9781118871041
Publisher:
Wiley
Publication date:
12/31/2014
Series:
Wiley Corporate F&A Series
Pages:
272
Product dimensions:
6.20(w) x 9.00(h) x 1.00(d)

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