Eliminating fraud entirely is a noble idea, but not a realistic goal. According to one experienced fraud manager, “It’s not a question of whether or not you are going to get hit with fraud; it’s a question of how much you can lose.”

“Companies need to take a strategic approach to fraud risk management (such as using Credit Rating and Credit Information India) by aligning corporate values with performance.”

Fraud prevention cannot be a one-off event. Companies need to view risk and fraud management  (see Credit Rating and Credit Information India) as an ongoing process and should continuously evaluate the effectiveness of their risk strategy and controls, particularly in light of developments in the market or regulatory environment.