What has been verified as the most significant impact for companies who have antifraud controls in place?

Question

​What has been verified as the most significant impact for companies who have antifraud controls in place?

Quizplus · Accepted Answer

The most significant impact for companies with antifraud controls in place is that victim organizations have lower losses. Antifraud controls are designed to prevent and detect fraudulent activity which can result in financial losses for victim organizations. By having proper antifraud controls in place, companies are able to minimize the damage caused by fraudulent activities and reduce their losses. While antifraud controls can also prevent employee and management fraud, and increase consumer loyalty, the most significant impact is the reduction of victim organization losses.

​What Has Been Verified as the Most Significant Impact for Companies

What Has Been Verified as the Most Significant Impact for Companies