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Fraud Program

Know Your Fraud Exposure. Before the Examiner Does.

A living fraud risk program built for fintechs and financial institutions. Scenario-level analysis. Control gap scoring. Board-ready reporting.

Complete your initial assessment in about 2 hours. Self-paced — pause and resume anytime. No preparation required.

Tailored to your institution type, size, and operating geography — not a generic checklist.

ACFE • COSO ERM • FATF 40 • FTC Red Flags • GDPR • PCI DSS

Built by practitioners

Enterprise risk and fraud professionals, not just developers

Secure by design

No names. No free-text. Nothing sensitive.

No AI agents

Auditable analysis. No autonomous actions. No black-box results.

When institutions come to us

Internal audit flagged gaps.

The audit report named specific fraud controls that are missing or untested. You need a program-level view — with prioritized remediations — before the next board committee meeting.

An examination is coming up.

Safety and soundness examiners review fraud controls alongside credit and operational risk. A well-documented fraud risk program is expected — not optional. VeloRisk gives you one in hours, not months.

A fraud event happened — or nearly did.

A payment fraud attempt, an account takeover, or an internal theft incident raised questions about whether your controls are adequate. The answer needs to be documented, and the gaps need to be closed.

Get Started — from $7,499/yr

30-day satisfaction guarantee. No questions asked.

VeloRisk gives CFOs, compliance officers, and internal audit leaders a living fraud risk program — run it on demand, not just once a year. Scenario-level analysis across asset misappropriation, financial statement fraud, corruption, and digital fraud, with findings mapped to ACFE, COSO, FATF 40, and FTC Red Flags.

Audit-ready findings, not just checklists. A program your board and regulators will trust.

The Cost of Being Unprepared

The ACFE estimates organizations lose approximately 5% of revenue to fraud annually. Most incidents aren't caught by controls — they're discovered by accident, after the fact. A documented fraud risk program is what changes that equation.

Financial Exposure

Fraud losses are predictable — and preventable

Organizations without a structured fraud risk program don't have less fraud. They have less visibility into it. Control gaps go undetected until an incident forces the conversation no one wanted to have.

Insurance & Audit

Fidelity and crime carriers are asking harder questions

Underwriters for fidelity, crime, and D&O coverage increasingly evaluate whether organizations have documented fraud risk programs. Auditors ask the same question. The answer should be yes before they ask.

Board Accountability

When fraud surfaces, boards ask what was known

A fraud incident without a documented risk program leaves leadership exposed. A board-ready report showing known risks and documented controls changes the accountability conversation entirely.

How It Works

Self-paced Assessment

  • • Self-paced — no preparation or scheduling required
  • • No data collection needed in advance
  • • Guided survey with smart branching logic tailored to your organization

Candor™ Analysis Engine

  • • Fraud risk dimensions analyzed across your specific industry and context
  • • Industry-specific fraud scheme identification and prioritization
  • • Control gap analysis with effort/impact scoring
  • • Findings validated against ACFE, COSO, FATF 40, and other frameworks

Comprehensive Reports + Platform

  • • Executive Report (~25 pages) for board, audit committee, and insurance presentations
  • • Practitioner Report with prioritized findings, control gap analysis, and remediation recommendations
  • • Both reports include an Assessment Comparison section on every re-run — documenting what changed since the prior assessment
  • • Interactive platform for ongoing access, KPI tracking, and remediations management

On-Demand Reassessment

  • • Re-run after a loss event, control change, or when new fraud typologies emerge
  • • Stay current ahead of audits and regulatory examinations
  • • Compare results across runs with the Assessment Comparison Report
  • • Unlimited reassessments included with the Annual Program subscription

See Your Program in Action

A living dashboard that evolves with your organization — not a PDF that ages on a shelf.

Fraud Program Dashboard — risk posture overview across fraud domains

Program Dashboard — risk posture at a glance

Fraud Assessment — findings detail by fraud scheme and control gap

Assessment — findings by scheme and control gap

Fraud Assessment — dual-radar scoring across fraud prevention and detection functions

Assessment — prevention vs. detection function scoring

Built for Organizations That Can't Afford to Wait

VeloRisk's Fraud Program is built for CFOs, compliance officers, and internal audit leaders who need a credible, running fraud program — not a one-time snapshot.

Common Use Cases

  • Internal Audit Preparation: Documenting fraud risk program maturity ahead of audits
  • Regulatory Examination Readiness: Demonstrating robust fraud controls to examiners
  • Board Reporting: Presenting fraud risk posture and program gaps to the board or audit committee
  • M&A Due Diligence: Evaluating fraud risk exposure in acquisition targets
  • Insurance Applications: Supporting fidelity bond or crime insurance applications
  • Program Gap Analysis: Identifying control weaknesses before they become incidents

Start Your Program.

No hidden fees. No surprises.

Founding Institution pricing locks in your annual rate permanently — what you pay today is what you pay at every renewal. This tier is open for a limited time; standard pricing applies to new purchases after this window closes.

Founding Institution

Annual subscription — rate locked forever

$12,499/yr
$7,499 /yr
Tax included · Renews annually
  • Unlimited reassessments & re-runs for 12 months
  • Assessment Comparison Report (year-over-year)
  • Unlimited participants
  • Executive + Practitioner Reports (2 PDFs)
  • Interactive online platform
  • Rate locked forever — never increases at renewal
Get Started

Running multiple programs? See bundle pricing →

What to expect after purchase

1

Complete checkout

Takes about 2 minutes

2

Log in to your account

Access granted immediately

3

Start your assessment

No setup. Platform guides you through everything.

30-Day Satisfaction Guarantee

Not satisfied for any reason within 30 days? We'll refund 100% of your purchase — no back-and-forth. See full policy →

Mapped to the Frameworks That Matter

Findings Mapped to

  • ACFE Fraud Risk Management Guide
  • COSO ERM (2017)
  • FATF 40 Recommendations
  • FFIEC Authentication Guidance
  • FTC Red Flags Rule
  • GDPR
  • ISO 27001:2022
  • NIST CSF 2.0
  • NIST SP 800-53
  • NIST SP 800-63 (Digital Identity)
  • PCI DSS v4.0.1
  • SOC 2

Security & Privacy

  • Data encrypted at rest and in transit
  • No data sharing with third parties
  • GDPR compliant
  • SOC 2 Type II in progress

Frequently Asked Questions

How long does the assessment take?

Most users complete their initial Fraud assessment in about 2 hours. The assessment is self-paced — you can pause and resume at any time. No data collection or preparation is required before you start; the platform guides you through everything it needs to know about your organization.

How thorough is the fraud risk analysis?

VeloRisk analyzes your organization across fraud risk dimensions covering asset misappropriation, financial statement fraud, corruption, and fraud scheme scenarios specific to your industry and operational profile. Findings include prioritized control gaps, exposure ratings, and remediation recommendations—all mapped to COSO, ACFE, and other applicable frameworks.

What makes this a program, not just an assessment?

A one-time assessment tells you where you stood when you ran it. A living program lets you re-evaluate when it matters — after a loss event, a control change, or when new fraud typologies emerge. VeloRisk includes unlimited reassessments and an Assessment Comparison Report so you can track movement over time. Your fraud risk posture is always current.

Is the assessment tailored to my industry?

Yes. The assessment adapts to your industry classification, organization size, and operational context. Fraud risk profiles differ significantly between a financial institution, a healthcare organization, and a technology company—VeloRisk accounts for that.

Who should complete the assessment?

The assessment is designed for the person responsible for the fraud risk program—typically the CFO, Chief Compliance Officer, VP of Internal Audit, or a senior member of the audit committee. Involve as many participants as needed — input from finance, operations, legal, and IT is welcome.

What does the report include?

The Fraud Program Assessment produces a single comprehensive report containing: fraud risk exposure summary, scheme-level findings with likelihood and impact ratings, control gap analysis, prioritized remediation recommendations, and compliance mappings to ACFE, COSO, FATF 40, FTC Red Flags, PCI DSS, and GDPR. The report is structured to be useful both for internal practitioners and for presenting to auditors or examiners.

Is my data secure?

Absolutely. All data is encrypted at rest and in transit, hosted on Google Cloud Platform with SOC 2 controls. We never share your data with third parties. You retain full ownership of all assessment data and reports.

Do you offer volume discounts or enterprise pricing?

Yes. Contact us for custom enterprise packages.

Your Fraud Program, Running in Hours.

Start today. No preparation required. Audit-ready reporting from day one.

Have questions? Contact us and we'll help you get started.