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Is a hotline important to finding embezzlements?

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Question: 
How effective are hotlines?
Answer: 

According to the Association of Certified Fraud Examiners “Report to the Nations - 2024,” 53% of fraud was reported though a formal method such as a hotline. To make a hotline effective staff needs to be informed about them regularly like during security training for the institution. Organizations that don’t emphasize a staff reporting system during training sessions will not obtain the full benefit of a hotline.
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First published on 07/07/2024

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