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Fraud is a big cause for concern for businesses of all sizes in Singapore, with the average organisation losing 5% of its revenue each year to office fraud. What most don't know however, is that major threats can come from within an organisation.
Occupational fraud is a common problem for many businesses around the world. Most office spaces are ripe for internal fraudsters and the median loss caused by a single case of occupational fraud is around $320,000. However many businesses still overlook obvious data security vulnerabilities and are more susceptible to inside attacks. The good news is that the solutions are often easy to implement and quite inexpensive, so are definitely worth including in your data security plan.
Learn about the risks associated with these vulnerabilities:
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