There should be a variation on schadenfraude for times like this, when a story of a business done wrong makes us just cringe for nearly everyone* involved.
That’s what happened to us when we read about this case, in which the vice president of corporate risk for Novant Health has been accused of embezzling nearly $620,000 over seven years.
Apparently, an internal audit revealed the embezzlement some eleven years into the VP’s career – and, as stated above, seven years after it allegedly began. In 2004.
You know how we’re always talking about the benefits of Continuous Controls Monitoring, and how it reveals exceptions in real-time, while they can be addressed? This is why. So businesses have time to react in time to fix things, before they lose hundreds of thousands of dollars and seven years’ worth of wages paying an (alleged) embezzler to handle risk management.
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