The focus of this paper is on risk management associated with fraud on the example of a selected company. The primary purpose of this paper is to improve understanding on how systematic risk protection can contribute to business operations. The problem of research is the lack of anti-fraud instruments in companies. The main objective of the research is to investigate how an enterprise can manage the risks associated with fraud. The instruments used for collection of data and information for research are: secondary (relevant professional and scientific literature and documentation of selected companies) and primary (survey questionnaire). Questionnaire survey was conducted in companies within the City of Zagreb. The questionnaire contains questions related to fraud, and questions the way in which companies deal with fraud and related security issues. The results of the research point to the conclusion that if quality risk management and preventive protection are applied, the company achieves continuous and efficient business operations. The practical application of the results of this work will contribute to the improvement of risk management associated with fraud.