Image: File
When discussions about fraud prevention arise, much of the focus is on technological advancements, robust internal controls, or the role of auditing processes. While these elements are undeniably crucial, they often overshadow the most effective tool an organisation possesses — its people. Elani Vogel, Senior Forensic Manager at Loxton Forensics, emphasises that individuals within an organisation are key activists in uncovering fraud.
A staggering proportion of fraud cases are unveiled not through complex software, but by an observant employee who chooses to speak up. A colleague may spot an unusual transaction, a supplier could question a dubious payment request, or an employee might voice concerns over behaviours that seem to stray from established ethical standards. Yet, organisations frequently underestimate the significance of establishing comprehensive whistleblowing systems, often relegating them to mere compliance checkboxes rather than recognising their critical role in governance.
Employees are on the frontline, witnessing discrepancies and behaviours in real-time long before audits and system checks come into play. When they feel empowered to voice their concerns, organisations are given a precious chance to nip potential risks in the bud before they spiral into severe financial, legal, or reputational troubles. However, the effectiveness of whistleblowing is contingent upon creating a supportive environment.
Many individuals hesitate to report...
By Ivan Kesic A drone strike on an electrical generator just outside the inner perimeter of the Barakah Nuclear Power Plant in the United Arab Emirates on May 17, 2026, suddenly brought the Persia...