Lowers Risk Group Supports International Fraud Awareness Week, Endorses Data as Key Fraud Control
In a new supplemental eBook ahead of the holiday season, the global consulting firm highlights continuous monitoring and open-source data as tools to fight fraud.
November 10, 2022 (Purcellville, VA) – Global risk management and consulting firm Lowers Risk Group announced today its participation in International Fraud Awareness Week. As part of its organization-wide support, Lowers Risk Group subsidiary company Lowers & Associates debuted a new eBook that provides handlers of high-value assets with the latest insights on managing fraud during the upcoming holiday season.
A global effort designed to minimize the impact of fraud by promoting anti-fraud awareness and education, Fraud Week is an initiative led by the Association of Certified Fraud Examiners. Lowers Risk Group has participated since its inception and with Preventing Holiday Fraud: Insights and Best Practices for Handlers of High-Value Assets, incorporates timely statistics from the ACFE’s recent 2022 State of the Nation report on occupational fraud with its real-world insights, experience, and resources.
“The current threat environment includes pressure from inflation, supply and distribution challenges, skilled labor shortages, and skyrocketing cybercrime,” Lowers Risk Group CEO Mark Lowers, said. “It’s unlike anything I’ve seen in my 40 years in this business. But as always, it’s in these moments that prevention and detection matter most.”
“The ACFE does incredible work, and the Lowers & Associates team has developed this eBook as a companion piece to their State of the Nation report,” Jon Groussman, President of Lowers & Associates, said. “Our team of fraud examiners specifically looked to provide high-value asset handlers (and the insurers that represent them) the insights to rise above the perfect storm of risk threatening their business this holiday season.”
The eBook features multimedia assets, statistics, how-to’s, and real-world applications of the Fraud Triangle and fraud risk management principles to tackle human capital and occupational fraud risks like remote work, cybersecurity, lapsed operational policies, and more. At the center of the discussion is how advances in technology and data provide opportunities to stay ahead of threats in real-time and position businesses for holiday success and year-round growth.