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

EXPERT INSIGHT INTO THE MINDS OF FRAUDULENT EMPLOYEES

Occupational fraud has been called the number one crime challenge of the century, and with good reason. Despite all our efforts, fraud perpetrated by employees is still massively expensive, costing businesses no less than 5% of their revenue annually. Worldwide, that adds up to trillions of dollars. Now, anti-fraud professionals have a sharp new tool for fighting fraud, thanks to Profiling the Fraudster.

Over the course of his 20-year anti-fraud career, Simon Padgett has seen firsthand that the traditional emphasis on fraud control environments is not necessarily working. That's because the human beings who choose to turn to fraud are often the very people we entrust with sensitive financial information. In Profiling the Fraudster, Padgett helps auditors and investigators turn the tables by building a solid case for monitoring human behavior to detect fraud wherever it occurs. With this book, you will be able to implement research-based investigative psychology techniques that go well beyond the traditional theories.

Understanding the characteristics of individuals who commit various fraud types is paramount to ensuring that those individuals do not receive access to the tools they need to engage in their crimes. You'll learn that simple-to-detect behavioral changes like taking unusually short leave, arriving early for work, or high-security document storage can indicate early fraud warning signs. Profiling the Fraudster even enables you to stop fraudsters at the gate by implementing human resources processes that emphasize trustworthiness. Taken together, the brand new resources in Profiling the Fraudster are essential for any business with a serious interest in safeguarding its assets.