Supporting International Fraud Awareness Week
Fraud costs organizations worldwide an estimated 5 percent of their annual revenues, according to a study conducted by the Association of Certified Fraud Examiners (ACFE). Occupational Fraud 2022: A Report to the Nations analysed 2,110 occupational fraud cases that caused a total loss of more than $3.6 billion.
The seriousness of the global fraud problem is why Westland District Council is participating in International Fraud Awareness Week, 13-19 November 2022, as an official supporter to promote anti-fraud awareness and education. The movement, known commonly as Fraud Week, champions the need to proactively fight fraud and help safeguard business and investments from the growing fraud problem.
Westland joins hundreds of organizations who have partnered with the ACFE, the world’s largest anti-fraud organization and premier provider of anti-fraud training and education, for the yearly Fraud Week campaign.
Even though fraud may not seem to be very relevant in a small place like Westland District, it is not only large corporations or wealthy individuals who are at risk of fraud. Many small businesses are affected and there are different scams that target individuals through technology that people need to be careful of falling victim to. We hear every day about emails and text messages that look like they come from legitimate organisations but are from scammers who are trying to steal people’s money.
For more information about increasing awareness and reducing the risk of fraud during International Fraud Awareness Week, visit FraudWeek.com.
