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To combat fraud effectively, organizations should implement a robust system of internal controls, including regular audits and employee training on recognizing fraudulent activities. Utilizing advanced data analytics can help identify unusual patterns or transactions that may indicate fraud. Additionally, fostering a culture of transparency and ethical behavior encourages employees to report suspicious activities without fear of retaliation. Lastly, collaborating with law enforcement and utilizing fraud detection technologies can enhance preventive measures.

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1mo ago

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