Why Internal Fraud Often Goes Undetected And How to Stop It

State and local governments lose billions of dollars a year through fraudulent claims and abuse of government services and benefits. Efforts to fight fraud often focus on combatting external threats, ignoring the very real threat of internal fraud. While this has always been a challenge for state and local governments, significant amounts of new federal funding through the Infrastructure Investment and Jobs Act (IIJA) and other pandemic relief programs have increased the threat of internal fraud and made finding a solution more pressing.

Employees have the same incentives to commit fraud as outside actors, and they often have increased opportunity to do so. Employees know where security measures are weak or nonexistent and may abuse their access to information to steal from their employers or sell confidential data. Having the right tools in place can help organizations ensure they are adequately protected against the internal fraud risks that often go undetected.

Join Government Technology on September 22 at 10 a.m. Pacific/1 p.m. Eastern for a 30-minute webinar on assessing and mitigating the risks of internal fraud.As a participant in this webinar, you’ll:

• Learn how to calculate the residual risk of fraud based on internal operations
• Get information about the tools available to mitigate risks of internal fraud

Hear from the New York City Department of Investigation Inspector General and the Colorado Office of the State Controller about how assessing internal fraud risk, developing an iron-clad fraud policy and educating employees on fraud prevention can bring tremendous return on investment.