However, the risk of fraud, bribery and other acts of misconduct is even greater during recessions and when there is insecurity in financial markets.

Covid-19 and its repercussions on the global economy means 2021 and the years following may see a spike in criminal acts, both from internal and external perpetrators.

Corporate misconduct takes many forms. For example, employees may abuse their positions and misuse assets or, employers may discover that former or current employees are working with third parties for shared commercial benefit.

As a senior leader you should be constantly prepared and create a culture of vigilance within your organisation and across your supply chain. It is vital that you safeguard your assets, information and people against all threats.

External threats could be in the form of cyber attacks from individuals or organisations intent on stealing confidential and sensitive data or looking to install ransomware to disrupt business continuity and demand a ransom.

When experiencing a threat or a situation of malfeasance, whether in a crisis or a non-crisis, you will need experts armed with specialist forensic skills who will action discreet and speedy investigations to secure the results you demand and expect.

Decisive and quick action pays

The success of a corporate investigation rests on the speed of a client’s response to incidents. It is critical that you take decisive steps early on.

A pre-prepared and tested crisis plan will prevent a delay in taking prompt action. Importantly, having this plan in place will also increase the prospect of securing vital evidence and will usually reduce the length and cost of the investigations. A quick response backed with a well-executed investigation will reduce the risk of long-term damage, both to your finances and reputation.