Zero tolerance to Frauds

While large organisations are usually target of fraudsters as rewards are better if their attempts are successful but at the same time it is difficult to succeed as large organisations often have resources in place to counter frauds. For fraudsters it makes sense to target smaller organisations and they make up by targeting larger number of such organisations. The reason for this is that small organisations generally do not invest in tools/resources to counter frauds, which makes sense considering cost-benefit equation. I have documented some tips which do not require much resources but could be very effective to counter risk of fraud for SMEs and startups. Fraud not only causes financial loss but also cause productivity loss (it takes up time of staff which could be otherwise utilised for achieving business objectives) and poses risk to reputation. 1- Fraud Risk Policy - It need not be very elaborate but must cover certain key elements including what is fraud and provide...