The first quarter of 2012 has proven difficult for many areas of the Australian economy, particularly financial services, manufacturing and retail. With the uncertainty around Europe, the US, the carbon tax and the future of the Australian government, it looks like the tough times across these sectors will continue for some time to come.
RISQ has worked with a number of our clients who have either suffered losses caused by fraud during this period, a situation which becomes more common during tough economic times. As a result, it is important that all organisations, whether in the public or private sector, ensure their risk control framework is sufficient for the level of risks within their business. If you haven't undertaken a fraud risk assessment recently, now might be a good time to see if there are any holes that are causing your organisation to leak revenue or inventory.
Our alliances with our various technology partners have been successful to date, and we are now seeing greater interest from clients in taking an approach to risk management that incorporates deep domain expertise combined with cutting edge technology. One example is the Whistleblower Hotline service RISQ now offers in conjunction with Global Compliance/Ethics Point. The advanced Case Management System that underpins this service has delivered benefits to our clients already and is proving to be a point of differentiation between RISQ and our competitors.
As always, the team and I remain committed to providing our clients with exceptional service in the areas of GRC, fraud and security and we hope that we can continue to help you manage your risks during a time when every dollar counts.
Why have any RISK when you have RISQ ...
