ZF Digital Summit 2022. Gabriel Zgunea, CEO, Corporate Inteligence Agency: In Romania, the most common type of fraud is private corruption, which is found in all areas
In Romania, the most common type of fraud is private corruption, which is encountered in all areas, in second place is the theft of goods and money from the company, and in third place is large-scale fraud, says Gabriel Zgunea, CEO of Corporate Intelligence Agency.
"In Romania, the most common type of fraud is that of private corruption, which is found in all areas, especially in the area of procurement of any kind, but not only. The second most common type of fraud is the theft of goods and money from the company. The third type of fraud is large scale fraud, which happens most often in logistics, warehousing or manufacturing activities. Here, because of the opportunities, almost everyone goes home with something," Gabriel Zgunea said at the ZF Digital Summit 2022 event.
What Gabriel Zgunea said at the ZF event:
Corporate Intelligence Agency was founded in 2015 with the aim of providing intelligence services to the private sector, tailored to the private environment. Given that the market was and still is relatively in its infancy, growth has been significant, with turnover almost doubling year on year, except during the pandemic.
This is a very long discussion about what causes an employee to commit fraud. In this industry there is a fraud triangle which shows us the following: for fraud to occur, first of all there must be pressure, motivation or inclination.
The first step in committing fraud is pressure, the second step is rationalization, when the employee of the company begins to feel that it is worth it and there is no problem in doing so. Maybe he was underpaid and feels he deserves more or he simply has that pressure and needs the money. The third element of the fraud triangle is opportunity. Opportunity is the only element that can be controlled by the employer and the company. If opportunity does not exist, there is no pressure and rationalization on the part of the employee.
In Romania, there is not necessarily a culture of identification and there is no clean cut rule regarding fraud, for various reasons. This leads to opportunities for fraud to take place within the company.