Fraud Prevention: The Cure for Schaden-Fraud

Are you guilty of schaden-fraud? - Schadenfreude (pronounced shahd-n-froi-duh) is a German word describing an interesting quirk of human nature in which people take pleasure in the misfortune of others. In accounts payable, whenever someone reads a news story about an organization losing an obscene amount of money to fraud and smiles smugly at the victim, they are experiencing a variation of schadenfreude—schaden-fraud. While schaden-fraud may feel good, the downside is that, at any moment, we…