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Risk Management

The State of Fraud Risk Management

Many organizations have faced significant disruptions and challenges during the global pandemic. Considering the impact of various sources of change on controls and processes that can affect an organization’s business model and risk profile, the working examined the fundamentals and arising challenges of effective fraud risk management in today’s climate. This exploration includes conversations about the current and goal states of fraud risk management programs at member organizations, how they map internal and external sources of risk to establish a baseline risk profile, and how they strive to embed culture throughout their business.

The report includes:

  • Fraud risk management maturity
  • Approaches working group members take to identify sources of external and internal risk
  • Fraud risk management in times of crisis
  • The role of culture in fraud risk management
  • Reports