Any brand that has gone through the peril of having counterfeit products circulated understands that addressing this issue is no mean feat. With the company’s reputation at stake, the task to identify and address this spurious supply can be exhaustive, time-consuming and complex. Counterfeiting can be considered a nightmare for any company, as it has … More On World Anti-Counterfeiting Day 2016 – counterattack counterfeiting
The dependency on third parties to enable easy functioning of business is immense. Companies engage the services of various third parties for multiple reasons – it could vary from getting a factory license, securing permission to even obtaining contracts. But the risks associated with such sub-contracting are not given enough importance.
Consider this case, the CEO of a well-known consumer products company was delighted looking at its yearly sales numbers. The month-on-month progression showed an uptick and everyone anticipated better than average financial results. However, this happiness proved short lived. A periodic internal audit and physical verification ensued, which stated shortages in one of its key … More Weighing a fraud
The positivity emanating from the India growth story can sometimes be shrouded by a dark shadow – a danger called fraud. Over time, awareness levels around advanced threats have increased owing to focused regulatory changes; this has led companies to re-examine their business practices. However, there are still many instances when they may struggle to … More ‘Fraud buster’ series – Dealing with employee frauds