Private Companies
The Association of Certified Fraud Examiners reports that 40% of occupational fraud schemes are detected by a tip, often from an employee. In fact, having a tip hotline is the most-effective method to detect occupational fraud. Companies that have an effective tip hotline reduced the loss of the fraud scheme by 41%, and they detected the schemes 50% more quickly than by using any other method. If your organization can only invest in one tool to detect internal fraud, then spend your money wisely and invest in an effective tip hotline.
Call Clarium Fraud & Compliance Solutions at 780-719-0016 if you require a whistleblower program or are concerned about whistleblower protection in your company.