Manage the threat of fraud in private practice. In the first of our new series, anti-fraud expert Vin Pandha outlines some danger areas and shows why doctors’ practices are such a big risk.
The risk of fraud and cybercrime is growing at an alarming rate with no real signs of any slowdown. Fraudsters are targeting individuals and businesses across the world and across all sectors.
Healthcare is certainly no exception, so it is essential that you know what to look out for when it comes to these risks and, more importantly, what steps you can take to protect yourselves and your practice against fraud.
Criminals successfully stole £1.2bn through fraud and scams in 2018.* This not only has a significant impact on victims of the initial fraud, but the proceeds of these crimes often go on to fund illicit acts which further damage our society such as drug trafficking and terrorism.
Medical practices and GP surgeries can be a favourite target for fraudsters, as the responsibility for managing the finances and organising day-to-day administration often falls on one or two individuals.
They have to perform many functions, whereas larger organisations can call upon more resource and greater funding to protect against fraud attacks.
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