Bribery, embezzlement, corruption, and other fraudulent activities and abuse might have been occurring right under your noses. Being concerned of adverse consequences as persons who blow the whistles, your employees who might witness the misconducts have opted to keep silent for months or even years while the perpetrators keep stealing your organizations’ valuable assets.
The research found that occupational fraud resulted in losses greater than $1M or more in 22% of cases and lasted a median 18 months before they were detected*. Therefore, a whistle-blowing system where your employees can safely and anonymously report the activities, is needed as an early detection tool for organization.
Canary® Whistleblowing System (Canary® WBS) is a third-party ethics hotline provider that enables the safe, secure, and anonymous reporting of activities involving misconduct, fraud, abuse, and other violations of company policies.
The research revealed that fraud losses were smaller 57% at organizations with hotline than those without*. While allowing clients’ to maintain their integrity and strengthen their accountability, our proprietary Canary® WBS allows clients to uncover problem in its early stage so that the losses can be minimized.
Canary® WBS provides clients with various user-friendly and secure reporting channels. Our well-trained staff and experienced analysts moderate and carefully review incoming reports and ensure the confidentiality of the whistleblowers where requested. Clients also have access to their dashboard, which allows them to follow up on the reviewed reports.
We are aware that effective communication is one of the keys to the success of whistleblowing system. Therefore, we assist our clients in education and communication to their employees by providing designated training and media kit.