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Credit: Andrey_Popov/Shutterstock.com The first moves should be about assembling and deploying a forensic investigative team and preserving the chain of evidence. (Photo: Andrey_Popov/Shutterstock)

When fraud is detected, the first instinct among business leaders may be to cut out the cancer immediately, firing the responsible employee on the spot to prevent further harm to the organization.

While such a move may be satisfying for company owners and executives angered by an employee’s betrayal, it can increase short- and long-term fraud risk for the organization and create significant obstacles for forensic investigators and law enforcement.

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