Publication
Global AI, privacy and cyber insights
Exploring the impact of AI was a key focus at two global conferences held earlier in 2025: the IAPP Global Privacy.
Canada | Publication | April 6, 2020 – 3 PM ET
The fraud triangle is a well-known tool in understanding fraud. The three sides – opportunity, incentive, and rationalization – offer an explanation to a person’s decision to commit fraud. Similarly, they offer guides to preventing fraud: by addressing the three sides of the triangle, an organization can reduce its risk of fraud.
In a financial crisis, such as we are seeing during the COVID-19 pandemic, all three sides of the fraud triangle indicate an organization is at heightened risk of fraud. Individuals and companies facing serious financial pressure have incentive to commit fraud. Where there are staff reductions, employees working from home, or management focused on critical functions only, unique opportunities arise for committing fraud. Finally, the extreme stress of the pandemic offers ample rationalizations. It is the perfect storm for fraud. As such, companies need to pay more attention than ever to appropriate controls and procedures to prevent and detect instances of fraud.
An organization should consider the following as part of its fraud prevention controls:
Fraud risk management is an important business function in these uncertain times. Companies that fail to enforce strong controls will face the consequences in the months and years to come.
Publication
Exploring the impact of AI was a key focus at two global conferences held earlier in 2025: the IAPP Global Privacy.
Publication
Today, 16 September 2025, the Dutch Ministry of Finance published its 2026 Tax Plan (Belastingplan 2026). Because of the caretaker status of the current government, the Tax Plan contains limited proposals that materially affect businesses operating in or with the Netherlands.
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