Executive Fraud Blog
CRM giant SAP is working with the Queensland University of Technology in Australia on software to hunt down fraudulent employee behaviour.
According to SAP, the new software will have the capacity to detect fraud in real time by analysing user behaviour for activities that might indicate fraudulent behaviour — such as creating a fake supplier or employee to divert company funds.
When a potentially fraudulent activity is discovered, the company is alerted and a manual investigation prompted.
The university said that the main source of current fraud detection is retrospective financial auditing, which enables any employees involved to change records of fraudulent transactions and cover their tracks before an audit.
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