Want to know how to stop corporate espionage? Or work out if your systems are hackable or whether that junior employee is skimming something off the company's books?

All these aspects of fraud ? and many more will be the subject of a seminar to be held next Wednesday a the offices of KPMG in Hamilton and organised by the Institute of Directors.

"The Many Faces of Fraud" will be given by former Attorney General and the chair of the International Symposium on Economic Crime, Saul Froomkin and Michael Peer a certified fraud examiner from KPMG.

"Fraud is something that that affects us all," said Greg Haycock, senior partner at KPMG who are co-hosting the event. "And Bermuda is just as susceptible as any place."

Mr. Haycock said that onshore and offshore jurisdictions were targets for fraudsters and there was no reason all kinds of fraud could not happen in Bermuda.

"We want to make people aware of the many faces of fraud," he said, adding that in these days of increased supervision under Sarbanes Oxley, companies had to be extra vigilant as their company may be liable for the abuses of their staff on company hours or using company equipment.

Mr. Haycock said that traditional fraud was to do with stealing inventory or cash, for example retailers finding their inventory was shrinking because of theft of stock by staff.

"That is old-fashioned fraud. Now days with computers and the Internet, fraudsters are more sophisticated."

He said while the old-fashioned fraud still existed, companies had to look at ways of preventing all kinds of fraud that could take place in their offices.

And Mr. Peer, who day-to-day advises companies on how to detect and avoid fraud, will on Wednesday give KPMG clients and members of the Institute of Directors as well as other interested parties, an insight into the world of fraudsters and how to stop them.

He will look at not only corporate espionage, but also subjects such as financial statement manipulation, which can land companies in hot water for manipulating the stock prices and benefiting shareholders.

Mr. Peer is expected to give talks and case studies on physical theft, copyright violation as well as the prickly issue of bribes.

And he will ask professionals who have been caught out by fraud why this happened in their organisations.

"Was the employee left unsupervised too much, did he or she observe other people doing it?" said Mr. Haycock. "These are all issues that have to be looked at ? why did this happen in your company? Was there an environment that made them think they could get away with it?"

And Mr. Froomkin will be there to advise on the legal issues affecting those who are caught in the fraudsters trap as well as legal implications of setting up or not setting up strategies to catch them.

Organisers hope to have about 50 professionals attend the seminar which starts at 8.30 a.m. on Wednesday morning.