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The Employee Hotline reduces losses!!

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Question: 
Can you discuss if a “Fraud/Employee Hotline,” is any good?
Answer: 

According to the Association of Certified Fraud Examiners a fraud hotline will reduce your losses to internal fraud by 50%. So if your fraud loss was $50,000 it would have been $100,000 without the fraud hotline. Staff will many times report problems on the fraud hotline that they won’t report in person. Often this happens at 2 AM when a person can’t sleep because they are worried.

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First published on 01/02/2022

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