Risk Assessment and Fraud Prevention is an essential function of the modern organisation. Overwhelming evidence suggests that fraudulent activities are occurring far too often, and that 89% of profiles the fraudsters were employees, 60% were members of senior management, 26% were middle management bringing the total to 86% of profiles involving management (trusted employees). Reasons ranged from gambling addictions to financial hardship and the activity is almost always executed by way of breaches of trust and overriding of controls.
The HardData risk assessment takes a proactive and hands on approach to testing the controls framework in your organisation by:
- Identifying and documenting the controls matrix (system and physical)
- Hands on testing of system controls (Segregation, delegation, authorisations)
- Physical review of Data Auditing (Master Data changes)
- Application of system specific risk-queries (process checks)
- Review of Asset Management
- Review of Policies
- Review of Information Security
The outcome is a Risk Health Check report, that assesses any shortcomings in the security model, provides a risk benchmark based on your industry and best practice, and provides any recommendations for improvement.