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Wednesday, December 12, 2018

Info Post
By Sandra Taylor


Top management officials are trusted persons in an organization. They are supposed to protect the company resources and work on improving its outcome. Some of these individuals abuse their power and start taking from their business without permission. Remember that the officials are conversant with the applications used in a company making it easy for them to steal. You need to be smart to safeguard your assets. Use encrypted language that only you can understand to receive notifications about attempt fraud activity. Make sure that nobody in the enterprise is aware of this action. Check out the right way to handle an American fraudster without messing with your company reputation.

It is common to panic after realizing the person you trusted has committed a fraud. Remember that in most instances the fraudsters are people within your circle either your workmates or relatives. Confronting the individual is not the right idea because this will raise the alarm in the company. It is crucial that you obtain enough evidence before taking any action or firing them. Make sure that the legal and accounting departments are part of plan execution and implementation.

It is critical to do something when confronted with fraud. When you realize that a trusted member of your organization is doing something wrong, make sure that you take some action on them. Ignoring the act gives them the freedom to continue stealing from the business. Failure to act on time will make the situation worse. Make sure you have solid evidence before taking any action.

You need to be prepared about the response you received from the suspect. Some individuals have been in a company for long to the point that they feel like they have the right to do what they want. Take the perpetrators through the company rules to remind them about your power as the owner. They should not be aware of your intentions during the investigation process because they might tamper with the evidence.

Do not forget to back up all your financial details and communication. It is essential that you start copies of information on separate hard drives. Get a consultant to access information from the hard drive of the suspected individual discreetly. Preserve copies of their financial information, phone recordings, and email communications.

Start looking for a replacement worker. It will be difficult for the suspected individual to continue working for you if they are guilty. In case you decide to return them, make sure that you move them to another department or demote them. Funding the ideal replacement is hard and involving. Advertise for the position to create awareness to the public about your search.

Go ahead and defend the reputation of the company. The trust of customers, employees, public, and partners is among the invaluable asset in any outlet. Fraud is likely to result in a negative effect on that trust if mishandled. Attacking the problem decisively and quickly means that you will suffer less reputational damage. Address the involved parties about the issue for them to know the truth. Outline the steps that you took to rectify the condition.

Use transparent and effective ways to correct a situation. You should not compromise on any procedure to avoid tarnishing your name and image in the industry and market. Inform legal and financial experts to come up with a solution.




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