Identifying internal fraud risks became a hot topic in 2013 as groups presented webinars and published articles on the topic.
CUNA Mutual Group and the NCUA's Office of Small Credit Union Initiatives produced a Nov. 14 webinar titled "Deterring Employee Fraud," and Joette Colletts, senior manager of risk management for CUNA Mutual, offered advice to help deter and detect fraud. Colletts' tips included implementing a fraud policy and encouraging board members to ask more questions and surprise audits by supervisory committees.
Many experts pointed out that the war on dishonesty needs to start at the top.
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