i-law

Fraud Intelligence

‘How can you manage it if you can’t measure it?’

Understanding the nature and scale of the problem is a first and critical step, fundamental to the development of any counter fraud strategy, says Jill Abethell , Director of Risk Measurement, NHS Counter Fraud and Security Management Service . Every organisation should strive for a robust measure of the amount of fraud that exists and a prioritised action plan for dealing with it. Without this, you will never be sure that you are correctly prioritising your counter fraud action and targeting available resources at the areas most at risk of losses to fraud.

The NHS Counter Fraud and Security Management Service (NHS CFSMS) has taken a comprehensive approach to ensuring that fraud is reduced to an absolute minimum. Central to this process is a risk measurement methodology which the National Audit Office has examined and is satisfied provides a sound basis for estimating the likely level of fraud. (This has confirmed the high degree of accuracy –a precision rate of up to +/- 0.6%.)

The rest of this document is only available to i-law.com online subscribers.

If you are already a subscriber, click Log In button.

Copyright © 2024 Maritime Insights & Intelligence Limited. Maritime Insights & Intelligence Limited is registered in England and Wales with company number 13831625 and address 5th Floor, 10 St Bride Street, London, EC4A 4AD, United Kingdom. Lloyd's List Intelligence is a trading name of Maritime Insights & Intelligence Limited.

Lloyd's is the registered trademark of the Society Incorporated by the Lloyd's Act 1871 by the name of Lloyd's.