The greatest risk may lie within your company. Do you have control over that?

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Many companies invest millions in cybersecurity to block external attacks, but ignore an even more critical risk: internal fraud. The true vulnerability may lie within your organization, where uncontrolled access and flaws in internal controls create loopholes that go unnoticed until it's too late.

Fraud committed by employees, suppliers, or service providers represents a significant portion of the financial and operational attacks affecting companies around the world. And the numbers don't lie:

• 58% of fraud comes from within companies.
  
• It takes an average of 280 days for companies to detect unauthorized access.
  
• R$ 22 million: this is the average cost to remedy a leak caused by uncontrolled access.

If your company is still waiting for audits to identify access flaws, you're already late.

Real cases: internal frauds that cost millions

Legal sector in the USA

Heather Murdock, from a law firm in Hartford, Connecticut, embezzled more than $840,000 by falsifying checks and manipulating accounting records. The deviation was only discovered after detailed audits.

Banking sector in India

IndusInd Bank identified irregularities that overestimated its derivative portfolio by US$ 175 million. The flaw was discovered too late, after a significant impact on the financial balance sheet.

Healthcare sector in Australia

Amy Elizabeth Buhse, an employee at Metro South Health, defrauded more than US$ 180,000 over months, taking advantage of breaches in access controls and minimal oversight of financial transactions.

These cases show that, without strict access control and internal processes, companies in any sector can become victims of high-impact fraud.

The new risk scenario: the evolution of internal fraud

In addition to traditional fraud, companies must face modern challenges, such as:

• Digital fraud on the rise: Brazil tops the list of most attacked countries in the world, requiring an advanced strategy to protect against unauthorized access.
  
• Use of artificial intelligence in scams: criminals enhance attacks, making frauds more sophisticated and difficult to detect.
  
• Payment fraud: digital wallets, banking systems, and vulnerable APIs became the new targets.
  

Faced with this scenario, preventive measures are no longer an option — they are a necessity.

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How to prevent internal fraud before it becomes a crisis?

To mitigate risks, your company needs to adopt an access governance model that goes beyond traditional practices. Here are some essential strategies:

• Intelligent segregation of duties: ensuring that no one person has full control over a critical process.
  
• Continuous access monitoring: identify suspicious behavior in real time, instead of waiting for annual audits.
  
• Automation and access correction technology: eliminate faults before they become exploitable breaches.
  
• Compliance culture: promote good practices so that employees know how to identify and report irregularities.
  

Companies that still rely on manual reviews to manage access run an unnecessary risk. But technology can solve that problem.

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Oracle: monitoring and correcting accesses without manual effort

The Oracle is a solution designed to transform access governance, eliminating flaws before they become critical problems. It was born out of a real need within Ipiranga, which faced difficulties managing multiple systems and manual accesses.

By implementing the Oracle, Ipiranga was able to:

✅ Monitor all accesses in real time.

✅ Automatically correct undue permissions.

✅ Ensure full compliance with standards such as SOX and ISO 27001.

✅ Reduce manual effort and fault response time.

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The technology was so efficient that Vennx decided to make it accessible to the market. Today, the Oracle already helps several companies avoid fraud and maintain intelligent and automated access management.

If your company still spends time and money manually reviewing accesses, it's time to change that reality.

Talk to a Vennx expert and discover how the Oracle can transform your access governance.