CALL US
(+254) 722 806 076
MAIL US
info@bmsecurity.com
Security Updates

BM Security - Fraud

Keeping companies safe from fraudulent activities

Fraud is the most common cause of loss that corporations deal with on a regular basis.No effort should be spared in identifying the weaknesses within organisations that are open to such exploitations.

BM Security’s Fraud Risk, Investigation and Prevention Division is designed to help organizations minimize and mitigate the risk of External and Internal fraud through a team of qualified and competent anti-fraud professionals.

Why do people commit fraud?

  1. what causes a person to commit fraud?
  2. what goes through the mind of a person before committing the first act of fraud?
  3. How do they justify their actions as they carry out the action?

Our Fraud Division provides the following services:

  • Investigation

    Through the collection, review and research evidence/documents,our team will ascertain how the individual or conspirators executed the fraud and analyse the fact pattern of claims and synthesize the data into a professional report with recommendations.

  • Risk Management Services

    Our team will conduct a Fraud Risk Assessment for both internal and external systems that are vulnerable to fraud and recommend appropriate measures to reduce the inherent & residual risks.

  • Fraud Prevention Programs

    We shall draw fraud prevention programs which are in line with the nature of business you are involved in.

    • Background checks - ‘Know whom you are hiring’
    • Develop , Implement and Test fraud controls & policies

  • Fraud Awareness Training

    We offer tailored comprehensive internal training to help company employees to detect and report fraudulent activities within the organization as it has been proven that the most common method of detecting fraud is through tips

  • Fraud Examination Report

    Our teams are trained to effectively conduct fraud examination with the assumption that the case will end in litigation and the examiner may be called to testify. Therefore, our reports shall be clear, concise and professional, detailing analytical findings.

  • Data Analytics

    Our team is capable of assessing relevant data to detect and trail internal fraud and responsible parties.

  • Effect of Fraud


    Victim organizations that lacked anti-fraud control measures suffered 2X the loss of organizations that had implemented some form of control.
    + Fraud makes Insurance unaffordable for existing and prospective clients as premiums continually increase.
    + Motor and Medical Insurance suffer most fraudulent claims.
    + In 2016 IRA reported that insurance companies channel 75% of premium revenue towards payment of non-liability claims.
    + Insurance Fraud is one of the most prevalent white-collar crimes.
    THE SUCCESS OF THE INDUSTRY DEPENDS STRONGLY ON IMPROVING COUNTER-FRAUD STRATEGIES.

    * Information obtained from http://www.acfe.com