How well do you really know your clients, vendors, distributors or local representatives? Many companies underestimate the risks and overestimate the quality of their third-party risk assessment. It’s time to reassess the risks and invest in Third Party Risk Management before the damage is done.
Few companies succeed in employing systematic data analysis to detect fraud. What’s necessary to build trust in an analytics based approach to fraud detection? KPMG’s report “Using analytics successfully to detect fraud” explains the challenges of managing an analytics-driven program.