Is your Business FraudSMART?
Covid-19 forced many businesses to adopt a hybrid work model under pressurised circumstances, which has added another layer of risk. For many, the speed of change to work from home practices didn’t allow time to put in place sufficient precautions and processes, training for staff or appropriate and robust security systems suitable for remote work. As a result, over the last 24 months FraudSMART members have seen an increase in CEO impersonation fraud in particular.
These scams are easier to fall victim to when working from home as the employee is unable to see if the CEO or executive is in their office or check verbally with a colleague.
FraudSMART is advising businesses to be alert to scams and focus on prevention by reviewing business security measures, taking proactive steps to protect against scams and ensuring that employees are up-to-date on current best practices.
New Fraud Prevention Guide for Businesses
In light of this increased fraud risk, FraudSMART has launched a new fraud prevention guide for businesses outlining the common types of financial fraud affecting Irish businesses and providing advice on how to avoid them. Download here.
Protecting your Business from fraud – the FraudSMART campaign
The guide is being launched at a joint FraudSMART event with the Small Firms Association for SME’s aimed at providing targeted information and advice, to reflect post-Covid changes to work practices and current fraud trends. A keynote speech from Minister for Enterprise, Trade and Employment, Simon Coveney, TD will be followed by a panel discussion with John Deane-O’Keeffe, Criminologist and Lecturer in Forensic Psychology; Detective Chief Superintendent Pat Lordan, Head of the Garda National Economic Crime Bureau; Nora Owen, former Minister for Justice; and Elizabeth Bowen, Public Affairs Lead, Small Firms Association. More details here.
Sign up for the latest Fraud Alerts
Email alerts will be issued in real time as new financial scams emerge so that you know what to look out for and how to protect yourself. Your email address will be used only for these alerts and no other purposes, in line with GDPR.