Does a company going global run a greater risk of fraud?
The global environment brings with it many risks of fraud. Such risks are unavoidable when companies are crossing geographic and cultural boundaries. Companies find themselves in a completely new and different environment. The principal concerns that have been expressed are of four kinds. The first one pertains to the fact that no one likes to be victimised in a business transaction, especially by their own employees, customers or suppliers. Many companies, when they go global, have to acquire a new set of relationships from each one of these groups. And there is a high degree of concern that they could be a victim of fraud perpetrated by each side. Being in a new environment also raises concerns over external exposure to fraud — they could be victims of hacking, theft of goods and assets, or could incur data and third-party losses. Second, when companies cross geographical and cultural boundaries, they feel the fear of getting trapped in an unfamiliar business environment. They also
