Dhruv Phophalia, leader of A&M’s Indian Global Forensic and Dispute Services practice in Mumbai, recently spoke with InfoRisk Today Magazine for an audio broadcast program on fighting fraud in India.
The interview focused on India's unique cultural and business environment which make the fraud landscape distinct from the challenges faced in other, more developed markets.
"The seriousness in more mature markets springs from the strong regulations, their enforcement and the impact that [fraud] can have on an organization," he says. "In India, the lack of seriousness is not a question of people not caring. It's only reflective of the lack of training, awareness and regulation.”
Listen to Dhruv’s insights shared with InfoRisk Today Magazine on the fight against fraud.