Fraud Detection Tools Boost New Zealand’s Public Sector Defenses

New Zealand’s Counter Fraud Centre has launched a free online tool designed to support public sector organizations in proactively identifying potential areas of fraud risk. The Fraud Risk Self-Assessment Scan provides an excellent starting point for those tasked with assessing fraud risks, especially those new to the field.

Quick and Easy Assessment

The self-assessment scan is quick and easy to complete, taking only a few minutes to respond to questions about potential fraud scenarios. The tool generates a fraud risk score, indicating the potential risk an organization might face based on its responses.

Important Note

While the results are not a guarantee of risk score and rating, they serve as a starting point for further analysis and decision-making as part of an organization’s fraud prevention efforts.

Empowering Organizations

According to experts, the tool is designed to empower organizations to think about potential fraud scenarios, providing valuable insights to help boost knowledge of countering fraud. While it may not cover all potential risks, it serves as a helpful initial step in understanding exposure to fraud risks and pinpointing areas for prioritization.

Action Plan and Guide

The scan’s results can be used to create an action plan for conducting a comprehensive Fraud Risk Assessment, which is essential for public sector organizations. The Counter Fraud Centre has also developed a guide on fraud risk assessments that uses best practices across various sectors and can be customized to suit individual needs.

Assistance Available

For those who have completed the self-assessment scan and are unsure what to do next, the Counter Fraud Centre’s team is available to provide assistance at counterfraud@sfo.govt.nz.

Boosting Public Sector Defenses

The launch of this tool marks a significant step forward in New Zealand’s efforts to combat fraud, with the potential to significantly enhance public sector defenses against fraudulent activities.