In fast-moving markets with complex value chains, traditional fraud detection methods can't keep up. Endless due-diligence, audits, and costly external investigations leave enterprises vulnerable to huge losses - both financial and reputational.
Fraudulent attacks can go unnoticed for months or years, resulting in significant damage to reputation and revenue before action can be taken
The 2nd and 3rd lines of defense are often less than 1% of an organisation's resources, yet under a lot of pressure to stop fraud at the door
Failure to recognise and resolve fraud before it spreads leads to drawn out investigations, bad-will, and hunts for guilty parties and scapegoats, fostering internal mistrust - sometimes irreversibly so
Anti-fraud training is often dull, but something everyone "has to do" to meet compliance standards. This perception can create a false sense of security because protocol is followed without actionability
