Fraud risk assessment / Fraud Risk Management

A strategic tool that detects, responds and prevents fraud ecosystem

Implementing fraud risk protection can greatly enhance your company’s operations by lowering chargebacks and false positives, as well as streamlining your time-consuming and stressful fraud prevention procedure into a straightforward pass/fail choice.

Let us show you how Netrika can help

  Reduces fraud cost

  Eliminates efforts and time associated with fraud risks

  Maximizes revenue by onboarding more customers

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Fraud risk assessment / Fraud Risk Management


Our Experts

Sanjay Kaushik
Sanjay Kaushik

Managing Director


Sanjay Kaushik
Col Sanganagouda Dhawalgi

Executive Director-FI


Fraud Risk Management | Fraud Risk Assessment

Fraud risk management is a holistic and proactive fraud mitigation approach that is embedded within an organization. A successful strategy requires robust internal controls plus investment in anti-fraud technology. It also needs to consider the current and future fraud landscape.Fraud and financial misconduct are an undeniable reality of the modern globalised business landscape. The average U.S. organisation incurs an estimated 5 per cent loss to its annual revenue due to frauds. As a result, businesses are increasingly interested in fraud risk assessment and management to help protect the bottom line. Furthermore, regulators are increasingly demanding more active, global management of fraud risk.

Fraud risk management is the process of identifying, understanding, and responding to fraud risks in an organization. 

It involves creating a program to detect, stop, and/or prevent both internal and external fraud for an organization. Proper fraud risk management reduces the risk of theft, corruption, conspiracy, embezzlement, money laundering, extortion, bribery, and other forms of fraud.

In the wake of high-profile corporate scandals, and new stringent laws and regulations, business executives are increasingly pushing for organisation-wide policies, programs, and controls to address fraud and misconduct.

By leveraging our knowledge and in-house expertise of the fraud risk facing today’s enterprises, we can assist our clients with identifying the business areas prone or vulnerable to fraud and misconduct. We can also help clients assess and prioritize their fraud risks and attach meaningful anti-fraud actions to help mitigate risks and enable effective and consistent fraud prevention.

What is fraud investigation?

Fraud investigation, basically, refers to the process of examining whether the scam or fraud has taken place and collecting evidence to save the interest of the victims involved.

Fraud investigation services

A fraud investigation is an examination of evidence to determine if someone deliberately deceived others to unfairly advance their own interests. In terms of Trust and Safety, it involves identifying marketplace rules violations and other behaviors that could pose risks to users and the system.

For a better understanding of fraud investigation, let us understand what fraud is. Fraud can be defined as misinterpretation or misappropriation of things with an intent to deceive people. For example, if certain companies make some claims about features of their product and the product does not work in a similar way, then it is a fraud with its consumers. Fraud can make people lose their money, causes injury, or it can even lead to their death. Fraud investigation can be both internal and external to find the real culprit behind the act of fraud.

Some common types of frauds that usually occur in a company!

  • Insurance Fraud : Insurance fraud is one of the most common types of fraud that usually occur in any country with a robust insurance system. Both People making false insurance claims to the insurance company and insurance company being reluctant to honour the genuine insurance claim is counted under insurance fraud.
  • Corporate Fraud :Corporate fraud is an elaborate term that includes many things. It involves a breach of data security, theft of information from the company, theft or compromise of customer’s information from the company’s database or any other kind of damage in the reputation of the company.
  • Financial Fraud : Financial fraud again involves a plethora of activities such as evasion of tax, corruption, fraud in the health care sector, fraud through telemarketing and terrorist funding.
  • Identity Theft : We are live in a world where many people are in danger of identity theft. It is another most common crime taking place across the globe. Identity theft includes things like applying for faulty loans or credit card applications, unauthorised withdrawal from bank accounts, fraudulent use of calling cards, using the identity of another person to receive added benefits, etc.
  • Internet Fraud : Another common type of fraud in the 21st century is internet fraud. Two to three decades ago, nobody had heard about this type of fraud, but now it has become one of the most common types of fraud. In this type of fraud, a person tries to take advantage of other people via the internet. It can either be theft of identity, theft of personal information, theft of financial information or any other thing that which can make the victim lose their money or reputation in the society.
  • Corporate Slip and Fall Fraud : This fraud can be understood as purposely throwing water on the floor purposely to ensure a slip over it. Corporates intentionally plan a downfall of their store in order to make huge insurance claims for their company.
  • Theft of Inventory : Another common type of fraud usually taking place in stores is inventory theft. It is a type of fraud where employees steal products from the store, claim them to be expired and take them home or order more products than the store needs.

Fraud Investigation Process

Fraud investigations require methodical gathering of records, documents, and statements as well as conducting interviews and data analysis to uncover suspicious patterns.

A fraud investigation is an examination of evidence to determine if someone deliberately deceived others to unfairly advance their own interests.Fraud in organisations is nothing new. Robbery and criminal activities in the business are as old as the business itself. But with the advancement in technology, there are even more chances of corruption. With the increase in fraud, your organisation is exposed to considerable legal risk & loss of billions of dollars. Therefore, it is necessary to take action & protect your business. Need not worry; we are here with the fraud investigation services to supervise everything from corporate investigations to ongoing due diligence.

Corporate Fraud Investigation

A corporate investigation is the thorough investigation of a corporation or business in order to uncover wrongdoing committed by management, employees, or third parties. There are many aspects of corporate investigations and they can vary significantly based on your needs.

We, at Netrika, follow a very unique and novel approach & methodology in examining the fraud, detecting its trail, and, ultimately identifying the red flags from where the fraud originated. Our highly competent team of professional investigators are equipped with the knowledge, tools, and experience to get results for our clients. Our corporate investigation team examines both internal and external risk factors while conducting an investigation. We look for all impacts of the work environment & then provide customised solutions, continuity between strategy and activity.

Fraud Risk Assessment

A fraud risk assessment is a tool to identify, understand, and minimize areas of internal and external fraud risk. Internal fraud risks include corruption, cash receipt skimming, and inflated inventory counts.

A fraud risk assessment is a process to help you better understand your entity's fraud exposure, the associated risks and the strength of your existing controls. A good fraud risk assessment helps you specifically identify how potential fraudsters might attempt to find a way around existing controls.

Fraud risk assessment is a systematic process conducted by organizations to identify, evaluate, and mitigate potential risks related to fraudulent activities. It involves analyzing various factors such as internal controls, business processes, and external threats to assess the likelihood and potential impact of fraud. By understanding vulnerabilities and implementing preventive measures, businesses can safeguard their assets, reputation, and stakeholders from the adverse effects of fraud.

The Corporate Sector And Fraud Investigations!

At present, instances of fraud within the corporate sector are on the rise. It is an ever-growing serious issue that causes a lot of concern and poses massive problems. In many cases, corporate fraud can go on for years, totally unnoticed. On a large scale where the numbers involved are quite greater, it makes the task of fraudsters easier, being capable of covering up their tracks with tax evasion, money laundering and also cooking up financial reports. In instances like these, you will need to hire a fraud investigator to set the records straight. Know More 

Benefits of hiring Netrika for corporate investigations

  • At Netrika, we incorporate a unique blend of expertise that handles our operations, intellect, and training to settle your most challenging internal and external issues. To address our client’s requirements, we take an efficient approach & provide high-quality corporate investigation services.
  • Our team of professional corporate investigators has very specialised backgrounds & they know that evidence assortment is more than just gathering facts & it takes an authenticated paper trail to endorse your results both legally and ethically.
  • Our corporate investigation services provide you with a conceptual approach to prevent crime within the corporate & to investigate a comprehensive picture of the company to avoid costly mistakes for our clients.
  • We aim to provide reliable & specialised fraud investigation services at the most affordable cost across the globe to tone down business risks that are harmful for your organisation.
  • We endlessly make every effort to help you by providing a consistently high level of fraud investigation services & we examine all the issues in a completely confidential manner.

Rescue your business before fraud ends it. To obtain more information about our Fraud investigation services, you can contact us through calls, texts & email.​

Our services can help risk and fraud risk assessment teams:

  • Determine, assess, and successfully mitigate key fraud risks
  • Identify and prioritise areas of risk
  • Devise and establish an appropriate anti-fraud management plan

Netrika firmly believes that, by assisting the entities in developing & establishing significant Fraud Risk Management Frameworks it can help mitigating most fraud risks and thefts.

Fraud and Risk Management

As most organisations expand their business operations around the globe to procure and source product supplies from other countries, as well as expand their sales in emerging markets, the fraud and risk landscape threatens their endeavours. The recent increase in fraud cases and their sophisticated style suggests that even organisations that have a fraud and risk management framework in place are vulnerable to threats. 

Fraud and Risk Management

Fraud and risk management is a risk mitigation approach which encompasses a holistic view of understanding, identifying, analysing, and responding to fraud risks in a company. The strategy proactively studies the nature of potential risks and assists an organisation in taking relevant measures to control and mitigate them. 

While it is not possible for businesses to eliminate the occurrence of fraud entirely, having robust fraud risk management and assessment strategies can detect potential vulnerabilities that can shape fraud incidents to disrupt an organisation's financial integrity and reputation. 

The need for robust fraud and risk management stems from the fact that malicious actors are continually evolving their fraudulent tactics and becoming more elusive by the day. Moreover, the risk landscape has also increased the compliance requirements that need to be adhered to. Additionally, in the increasingly connected digital world, protecting the confidentiality of sensitive data as well as protecting business operations is paramount. Hence, a well-planned and executed fraud risk assessment & management is the ideal choice for organisations to keep their operations running up and high even through the disruptive business market. 

How Fraud Risk Management Helps an Organisation?

Robust fraud risk management is synonymous with good business sense. Not only does it reflect an organisation’s readiness to scale and earn customer trust, but also includes a myriad of benefits-

  • Reduction in financial losses due to fraud risk
  • Decrease in legal, regulatory or investigation costs pertaining to fraud
  • Promotes an ethical business culture
  •  Improved employee awareness of fraud risk, leading to sensitisation in the workplace
  • Better business governance

With improved awareness and better governance, organisations leverage data analytics, best practices and technological risk mitigation measures to detect fraud risks at an early stage, contain their spread and secure most systems. With swift actions due to a fraud risk management strategy in place, businesses maintain their compliance with industry and legal requirements, thus improving customer loyalty. 

Fraud risk management and assessment strategies also incorporate contingency planning as its integral part to ensure that organisations can continue their operations securely even in the face of crisis. 

How Netrika Consulting Can Help!

In the evolving business landscape, where fraudsters are keeping a close eye on an organisation’s vulnerable areas to penetrate and benefit from, the importance of having a robust fraud and risk management framework cannot be overstated. 

Netrika Consulting is one of the best fraud risk management service providers, with decades of industry experience and a number of success stories on its plate. Our experts consider a robust fraud risk management framework as not just a precautionary measure but an essential strategy to protect an organisation’s integrity, financial standing, assets, and reputation and improve customer loyalty. 

Whether it is insurance fraud, corporate fraud, financial fraud, identity theft, internal fraud, corporate slip or inventory fraud, Netrika is by your side with tailored fraud risk management solutions, a unique blend of intellectual expertise, cutting-edge tools and a conceptual approach to not just identity but prevent these costly errors by following a thorough fraud risk assessment protocol customised to individual instances. 

Our key services include:

  • Fraud and fraud risk assessment 
  • Designing of fraud risk assessment frameworks based on global best practices and international standards
  • Our Corporate Investigations practice helps organisations /businesses, in the matters of corporate fraud allegations including kickbacks or financial mismanagement, and provide solutions which are comprehensive and practical for fraud risk management
  • Compliance assessments related to fraud risk management and prevention
  • Fraud risk management workshops and fraud prevention customised training for corporate executives.

How Do We Work to Assess Fraud Risk?

It is essential to identify the vulnerabilities to protect your entity or your organisation from all types of fraud. Our team of experts follows a sturdy fraud risk assessment protocol that includes the following methods:

      1. Fraud Risks Assessment and Identification 

Netrika follows a protocol that its team of experts develops meticulously. They include the steps for fraud risk assessment regarding operations, transactions, and the respective organisations' overall business model, policies and processes adopted.

      2. Estimation of Fraud Risk Level 

Risk quantification is essential; thus, Netrika uses the impact matrix to quantify the risk levels in High, Medium and Low categorys connected to the respective organisations' risk exposures and map the control gaps to provide independent insights to the management.

      3. Fraud Risk Mitigation

After identifying the fraud risks, we suggest the topmost fraud risk mitigation strategies based on the industry best practices and international standards. 

      4. Review and Surveillance of Fraud Risks

Netrika focuses on developing sustainable processes to combat Fraud Risk in the future through its extremely collaborative models and projects that promote the transfer of skills and knowledge to the organisation's team members. 



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Fraud risk assessment and Management
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Forensic accounting and litigation support
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Organisation structure personal policies & internal Control analysis
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Customer Service


Profile the suspect

  • Desktop and database searches
  • Corporate and social media searches
  • Internal and external inquiries
  • Site visits


Understand control gaps

  • Detailed review of process
  • Data mining and analysis

Investigate the findings of process review

  • Internal and external inquiries
  • Review & additional records such as cc. footage, security records etc.
  • Computer forensic undercover operation, surveillance

Interview the suspect and witnesses

  • Preparation of questions
  • Interview
  • Testimony of witness and confession Of roadster
What we offer
  • Data with integrity.
  • Our methodologies reflect a strict adherence to industry-recognized standards. Moreover, we deliver one of the highest educations and employment verification rates in the industry
  • We design products and services that adapt proactively to current and future needs for screening
  • Compliance-driven Strategies Risk mitigation is a crucial component for successful recruitment when developing the brand
  • Fast Turnaround Times: To help customers make decisions even faster, we deliver real-time results as they are available, accelerate communications between third parties, and can leverage candidate-provided documentation where appropriate
  • Global Reach: With today’s globalized workforce, it’s essential that your background check company be able to procure candidate background information from around the world
  • 100 Years of cumulative Experience You Can Rely On
  • Member of PBSA- Professional Background Screening Association.

Fraud risk management is a holistic and proactive fraud mitigation approach that is embedded within an organization. A successful strategy requires robust internal controls plus investment in anti-fraud technology. It also needs to consider the current and future fraud landscape.

A fraud investigation is an examination of evidence to determine if someone deliberately deceived others to unfairly advance their own interests.

The fraud examination methodology establishes a uniform, legal process for resolving signs or allegations of fraud on a timely basis. It provides that fraud examinations should move in a linear order, from the general to the specific, gradually focusing on the perpetrator through an analysis of evidence.

A fraud consultant is a professional who provides expert advice and assistance to organizations on how to prevent, detect, and respond to fraud. They may work independently or as part of a consulting firm, and specialize in a specific industry, sector, or type of fraud.

A fraud risk assessment is a process to help you better understand your entity's fraud exposure, the associated risks and the strength of your existing controls. A good fraud risk assessment helps you specifically identify how potential fraudsters might attempt to find a way around existing controls.

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Accreditations & Affiliations

Forensic Interview Solutions
Global E2C
Association of Certified Fraud Examiners
ASIS International
International Trademark Association
Institue of Directors
Award 2024
Award 2023
India IP award 2022
India IP award 2021
Entreprenuer of the Year Award 2020
Business Protection Award 2019
Cobra Award 2019
Business Sphere Award 2018
Fraud Investigator of the Year Award
Award for Outstanding Contribution in Risk Management
Security Project Design of the Year