According to the Association of Certified Examiners 2020 Report to the Nations, Certified Fraud Examiners estimate 5% of Revenue is lost to fraudulent activity each year. This equates to more than $4.5 Trillion lost to fraud every year globally.
Without strong internal controls, fraudsters can evade detection for far longer and steal much larger sums from the company.
While Internal Controls only accounted for 2% of the fraud detected in the 2020 Report, it is the most effective method when the fraud scheme is measured by the median loss of $80,000 and duration of 7 months.
How can a security assessment help? Just like an annual health check can help detect health issues before they become serious, a security assessment can help pinpoint areas of concern in your JDE environment that could leave you exposed for fraudulent activity.
Join us for a deep dive on security inside of JDE with our monthly JDE Security Academy. Click the button below to learn more.
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