Prosegur presents the Fraud Circle: a bold new approach to tackling internal fraud

Madrid, October 10, 2023 Prosegur, a global leader in comprehensive private security solutions, has published an innovative report shedding light on the complex world of internal fraud. Developed by Prosegur Research, the Fraud Circle provides groundbreaking insight into what motivates employees to steal from their employers, and thus how to combat it more effectively, in the process creating a business culture based on transparency and trust.

Explaining this innovative approach, José María Blanco, head of Prosegur Research said: "Contextual intelligence is not an option, it is a prevailing need. It allows us to unravel the complexities behind fraud, offering an overview that transcends conventional boundaries. The Fraud Circle is testament to our commitment to proactive and robust business security." 

The Fraud Circle marks a milestone in the fight against internal fraud. This model identifies and analyzes the variables affecting business activity, while anticipating future trends, allowing companies to be one step ahead in preventing employee fraud. Transparency, trust and contextual intelligence are the pillars for an effective and proactive strategy, building the way towards a safer and more ethical business environment.

This study is part of a body of research on safety culture, focused on promoting a common philosophy in organizations to better adapt to the rapid change underway today. Prosegur Research reaffirms its commitment to protecting people and organizations, going one step further by shining a light on internal fraud and creating innovative tools to strengthen business resilience to emerging risks based on transparency and trust in employees.

The report moves away from conventional approaches, which have been reactive and limited, instead exploring uncharted territory, amalgamating the external context – global and social – with the internal – business – to offer a holistic and strategic perspective on fraud.

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