Euler Hermes cover against fraud

Threats to your company

Fidelity losses – the risk we all prefer to ignore

The thought that someone could commit a direct breach of fidelity is a very unpleasant one in most people’s experience.

All the more important to take appropriate precautions so that in a crisis, caused by someone committing a morally wrongful act, the continuing existence of your company and the jobs it provides is guaranteed without any glitches.

The social problem

Personal motives play a crucial role in the increasing incidence of fidelity losses. As a result of the sea change in social values, more and more people are adopting a lifestyle which is beyond their means. The consequence: they get hopelessly into debt. People in this situation often only see one way out – fraudulent acts to the detriment of your company.

The economic problem

Loopholes in security controls can arise, for instance, due to changes in the structure of a company or through internal reorganization of workflows or introduction of new procedures in the wake of a merger. On top of this, IT networks at the workplace enable employees to manipulate company data in order to enrich themselves. And all of this is given a boost by our times with their focus on high speed and maximum performance, which increasingly leads to neglect of security checks.

We offer the right solution for your internal control systems!

Allianz Logo