Hundreds of organisations across the world will be participating in International Fraud Awareness Week (IFAW) (17th – 23rd November 2024) to raise awareness of fraud risks and key reporting lines. The campaign aims to start discussions amongst peers, co-workers, executives and stakeholders in the community about how important fraud prevention is to society as a whole.
Fraud is the crime you are most likely to experience during your lifetime, yet there is a good chance you will never actually see a fraud happening. Fraud is a hidden crime, as fraudsters use deception and target weaknesses in people and systems to make a financial gain. Fraudsters are also increasingly sophisticated in their use of technology, as you may have noticed if you ever received a very ‘believable’ email or letter asking you to send money or provide your financial details.
International Fraud Awareness Week is a great opportunity to remind us all that everyone can play an important part in fighting fraud, whether it be by being vigilant, knowing how to prevent fraud, or reporting any suspicions or concerns.
We will also be joining the NHS Counter Fraud Authority in raising awareness of fraud against the NHS and highlighting the role of all NHS Anti-Crime Specialists.
During the week, TIAA will be taking part by posting advice and information on our X and LinkedIn social media accounts using the hashtag #FraudWeek #fraudfighters #NHSFraud
Please spread the word among your colleagues and tell your family and friends – we all bear the cost of fraud, but all of us have a part to play in fighting it.
Advice and Support
Our Anti-Crime Specialists are available to provide advice and assurance on fraud prevention, cyber-crime awareness and security management. You can contact us via our contact us page to find out more.
And on our dedicated Fraud email, – fraud@tiaa.co.uk
Reporting Fraud
Remember you can report your suspicions of fraud to your local Counter Fraud Specialist or alternatively to the NHSCFA at cfa.nhs.uk/reportfraud or by calling their 24 hour hotline 0800 028 4060.
All reports are treated in confidence, and you have the option to report anonymously.
Fraud Awareness Events
We will be holding a range of fraud awareness events at our NHS Clients. These awareness events are a great opportunity to meet your Anti-Crime specialist and find out more about what they do, receive advice on fraud prevention and ask any questions
Please see our Events page to find out when your local session will be held.
We look forward to seeing you there.
Useful resources
TIAA Resources
TIAA Fraud Stop Newsletter, our bi-annual publication featuring emerging fraud trends identified at organisations, case studies that our specialists have been involved in and methods of fraud prevention.
Fraud Stop – Healthcare Winter 2024
Fraud stop – All Sectors Winter 2024
TIAA Article – In today’s digital age, scams are becoming increasingly sophisticated and prevalent. To help you stay informed and protected, we’ve compiled a series of articles that delve into some of the most common types of fraud. Our aim is to equip you with the knowledge you need to recognise and avoid these scams.
NHS CFA Materials
What is Fraud?
Fraud within the NHS
Mandate Fraud
Sourced from the ACFE
Creating Ethical Workplaces to Prevent Fraud – many cases of fraud have stemmed from unethical workplaces with bad “tone at the top.” So, how can leaders help shape their work environments in favor of positive ethics and “tone at the top.” This guide provides a comprehensive list of tips for those looking to alter company culture for the better – Creating Ethical Workplaces to Prevent Fraud
Generative AI and its Role in Fraud Examination – One of the most significant developments of artificial intelligence is generative AI, which can be used by fraudsters to create human-like results that appear real and enhance elaborate fraud schemes. From deepfakes to voice cloning, it’s important for fraud examiners and anti-fraud professionals to recognize red flags and even utilize AI tools in their work. – Generative AI and its Role in Fraud Examination – YouTube
Infographic – Behavioural Red Flags of Fraud – Do you know the most common behavioral red flags of fraud? Learn more with this data from Occupational Fraud 2024: A Report to the Nations – https://www.fraudweek.com/-/media/files/fraudweek/pdfs/2024-fraud-week/behavioral-red-flags-of-fraud.pdf
Infographic – The Importance of Fraud Awareness Training – Thinking about establishing a fraud awareness training program at your organisation? This infographic shows just how effective this type of training is at minimising fraud losses –https://www.fraudweek.com/-/media/files/fraudweek/pdfs/2024-fraud-week/importance-of-providing-fraud-awareness-training.pdf
For more resources from the ACFE please visit – Resources | International Fraud Awareness Week
For more information, advice and support on fraud prevention please contact us to speak to one of our experts.