As the world moves towards digitizing information, document fraud is becoming commonplace. Whether it's insurance fraud, bank card scams or even identity theft, practices are constantly evolving. Moreover, according to the survey ofArchimag, document fraud increased by 100% in 2022. So how does document fraud impact your business? And above all, how do you protect yourself and your business from it? We answer you in this article!
La document fraud is now a scourge that every company must fight against.
Insurance, banking or even real estate, regardless of the size of your business and the sector concerned, document fraud is spreading. The figures bear witness to this, since today 69% of businesses say they have suffered a fraud attempt, according to a study published in 2022 by AllianzTrade vs DFCG.
To know the consequences of fraud, read our article: The risks of document fraud on your business
For a fraudster, it is very easy to access your company data since it is generally found on Societe.com or Infogreffe.fr.
On the other hand, to prevent fraudsters from having access to other more personal information such as the vacation date of your anti-fraud manager or the pay slips of some of your employees, you will have to be vigilant.
Also consider training your staff on the protection of their personal data. Let them know that passwords should be strong, unique, and of course confidential. For example, do not use the name or date of birth of a loved one as a security code.
It may also be interesting to use a password software. It will allow you to save several of your codes in one place.
By avoiding document fraud, you are protecting your income. To do this, remember to separate the tasks specific to each person.
For example, it can be very interesting to create an anti-fraud unit that will draw up a prevention policy.
You can also separate this cell into multiple domains, including:
1- A pole named after frequent checks
2- One general fraud manager Who will be able to supervise the various controls
3- A person in charge of the global fraud policy in the company who will update the company texts
The more segmented your team is, the better the organization will be! So remember to delegate but also to train your employees.
To find out more about how to empower your team, click here 👉 3 ways to empower your anti-fraud team
To secure your business's revenues as much as possible, an important step is training your employees and collaborators. Indeed, documentary fraud is certainly clever and original, but by analyzing it more closely, you will quickly notice that it follows a pre-established schema. By educating your employees in these pre-designed models, you enable them to detect fraud.
To train your employees, you can develop a virtual representation of risks, also called risk mapping. What is it used for? To identify the services and the steps most exposed to risk. By describing the risk opportunities, the directives to be set up as well as the actions to be taken in the event of fraud, you develop an overview of the most effective way to fight document fraud.
To best follow the risk mapping, consider carrying out audits. They make it possible to assess your company's overall risk management system and to know if they are sufficiently taken care of.
Although raising employee awareness is an effective barrier against document falsification, human error is possible. It may therefore also be appropriate to implement an anti-fraud solution.
To protect your business income, equipping yourself with a solution is very wise!
Today, our Finovox solution offers an innovative software specialized in the detection of false documents, available in the form of SaaS service or via a API interface. Designed to simplify the fake detection analysis process, the software allows businesses to pinpointing, To identify, and To analyze various types of document fraud. The effectiveness of the solution is based on proprietary artificial intelligence that performs a thorough analysis of the data structure, metadata, and the quality of the information in the documents.
By exploiting these functionalities, Finovox offers you the possibility to quickly detect document fraud, for all the documents submitted.
Know that Finovox also offers you the opportunity to understand in depth the possible alterations in your documents. The platform allows the recovery of a summary sheet in PDF format. This sheet can be included in a legal file or sent. It then offers you protection against documentary fraud while providing the ability to source, explain, and estimate the amount of fraud. Interesting so as not to threaten your business income!
Are you interested in this solution? Do not hesitate any longer and contact our experts to find out more about how it works.
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