Occupational Fraud

Occupational Fraud Schemes

The annual cost of occupational fraud schemes on businesses and other organizations is substantial. In fact, studies show that organizations lose an average of 5 percent of revenue per year to occupational fraud schemes such as financial statement fraud, asset misappropriation, or bribery and corruption schemes. Most of these losses will never be recovered.

The surveilLens platform takes a proactive approach to fraud detection and mitigation by identifying and preventing schemes before they occur, thus saving organizations time and money.

• Use of multiple analytical techniques such as statistical modeling, machine learning to eliminate false positives, and real time transaction monitoring of 100 percent of data.
• Customizable rules engine to address specific occupational fraud schemes such as financial statement fraud, asset misappropriation, and bribery and corruption.
• Feature rich reporting and visualization tool with a customizable user interface, allowing for deeper insight and understanding of data.