After the impact of the pandemic, the fraud to companies by their executives grew between 15 and 20 percent annually on average, as revealed by the latest report from the consulting firm Midot, titled “Labor Integrity 2024.”
According to the report, in Latin America it was recorded that 20 percent of the people in managerial or executive positions commit some type of crime.
“This is a very important issue for organizations, since harmful behavior, especially in executive and managerial positions, has very relevant impacts within the structure of companies,” said Fernando Calderón, general director of the firm in the region.
commented to MILLENNIUM that these types of problems can be identified by knowing the economic situation of the executives and detecting flaws in the organizations’ processes.
Failures may be related to hybrid worksince they consider that this reduces the control that the companies have on their staff, mainly the managers, who have access to accounts and passwords.
Calderón highlighted that Mexico ranks third in Latin America in cases of fraud by managersonly below Colombia and Peru.
Among the sectors where The most detected are the banking and financial practices.but it also happens in logistics, e-commerce and retail.
The most common illegal acts committed by managers towards companies are the theft, fraud, bribery, misappropriation of services and identity theft.
In Latin Americait is estimated that the losses from these practices add up to around 300 thousand dollarsconsidering only cases in high-ranking positions.
However, these are not the only ways in which people in Latin America fail in their work area. Calderón highlighted that another important fact is that, when joining an organization, it is common for People lie on their resume to get a more important position.
“We are talking about people who, from the beginning, and before entering the organization, already show potentially infringing behavior in companies,” he said.
He recommended that the companies know their candidates betterin any position, before giving them a responsibility. It is important to know the economic situation of the person and have controls, processes and policies appropriate to mitigate risk.
AG
