Fraud, hacks and brain drain what companies will suffer most in 2023

2023 will represent a year of challenges for companies, not only because of the economic situation but also internally, since a crisis is expected regarding the theft of information, fraud and breach of trust, as well as of rotation high number of personnel, reveals a report by the consultancy firm Vestiga Consultores.

According to the report, the risk of information theft that occurs through hacking of companies is the greatest concern with 39%followed by the rotation of staff due to resignations with 25%, the fraud the abuse of trust with 16% and compliance failures (set of procedures and good practices adopted by organizations to identify and classify risks) with 5 percent.

The theft of information and the increase in cyberattacks is not something new, since since the start of the pandemic, the cases of attacks by companies have increased. Kaspersky data reveals that these are currently the second most frequently faced incidents 11% of small businesses and 15% for mediums, just short of drastic sales drops at 21% for small and 15% for mediums.

The problem with cyberattacks is that they do not have adequate projection measures or because they believe that being smaller, they are not susceptible to them, when this is not the case. All organizations of all sizes and industries are exposed to risk.

Regarding the breach of trust and fraud, the National Survey of victimization of companies (ENVE) 2022, reveals that fraud currently occupies the fifth in crimes most common nowadays 10%, being the extortion (especially telephone) which has the first place with 29%, followed by theft or robbery of merchandise, supplies or goods with 20%, ant theft with 13%, acts of corruption with 11 percent.

In 2021 alone, 24.6% of the economic units suffered some crime, of which 1.2 million are micro, small and medium-sized companies, whose cost per event was 164,078 pesos for small and 537,189 for medium-sized.

The talent concern

In addition to external factors, at the management level there is concern about the turnover of talent and the problem of finding the right one.

Sergio Díaz, managing partner of Vestiga, explains that identifying and retaining talent is an increasingly complex issue for companies due to changes in the environment and people’s needs.

To identify talent, the difficulty is for 76% of companies, while only 19% consider it easy. By identifying and hiring the right talent 63% of eCompanies experience it as complicated compared to 30% who do not feel it that way.

“These findings confirm the complaint of companies from several states with strong industrial activity, about the enormous difficulty they are having to fill their vacancies at all levels of operation of their plants,” says Díaz.

about the rotation, 60% of companies admits that this is higher, even more than what was registered before the pandemic and only 25% have seen a decrease. The highest turnover occurs in highly qualified talent (64%), which generates crises for organizations and they tend to be among the main decision makers and with greater initiative.

“What is related to the scarcity both in the highly trained and in the non-highly trained modality, represents a great risk not only in the present, but also for the viability of any medium and long-term plan of the companies. This is no small matter for the business community and government to address. This can become a serious structural problem”, concluded Díaz.