These guys are so motivated, they keep on coming with different versions, always looking out for that weak spot to hit on. It's exciting to be on the anti fraud side, very challenging, never gets boring.
Fraud prevention is often treated as a cost centre rather than a strategic business unit.what can anti fraud professionals do to change the perception.i truly believe that if collections can be treated as a line function then Fraud prevention cell too should be treated as a line function rather then a support function.I feel that this unit is always treated as a supprt unit due to which it doesn't get it's dues.I feel that if goal sheet for the unit is revised to show more of tangible results then it may help in changing the perception.At the same time repositioning is required to move potential savings to actual savings.one step could be to conduct fraud checks at the end of all process so that true savings can be shown.for eg post credit sampling would highlight cases with ctaual savings as all these are approved cases.would like to hear other thoughs about this
Hi Friends Its been a while from the time we got about getting this blog for use, myself and my good friend Charanjeet had a lot of thoughts , ideas, to take through readers who may find this blog useful. The purpose of this for both of us is for clear non-profit and for the passion of the work we do in the Fraud Risk Managment Industry both india and for APAC countries for many similarities we share on people, profile, risks, enviornment, legal eagles,poor conviction rates, corrpuption and bribery, and greed . This post comes on the last working day of 2008 , and trust we both will be able to update regular posts from January 2009. I want this blog to be one of its kind in the anals of Fraud Risk Management in india , to share, to learn and finally un-learn to adapt and be quich change leaders for the enviornment and conditions that prevail and will contniue to preval till at least June 2009. Wishing all of you a very happy and prosperous 2009, looking forward to your support, quest...
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