In response to the growing number of whistleblower stories and increased awareness of reputational risk, Whistlehub, a leading whistleblowing platform, is now cutting prices in half for small businesses and NGOs. Since its launch in 2022, over 1,000 organizations have embraced Whistlehub's innovative solution.
Reputational Risk Becomes a Key Concern:
The complex economy has left businesses more vulnerable to fraud, with small and medium-sized companies losing up to 7.5% of their annual revenue to fraudulent activities. Reputational risk, stemming from negative publicity, has emerged as a new challenge for organizations. Jakob Noergaard, CEO of Whistlehub, explains, “Managing risk has become increasingly complex, with various factors contributing to reputational damage. It’s no longer enough to have your house in order, you also need to consider the actions of external parties who are linked to your organization and, in some cases, even who your clients are. It’s becoming very complex.”
“We initially created Whistlehub to more efficiently investigate large-scale fraud and didn't expect companies with less than 200 employees to need an internal whistleblowing system. However, smaller organizations are now using Whistlehub to manage their reputational risk as well, which is amazing to see,” says Noergaard.
Expanding Access to Whistlehub:
With growing interest from small businesses and NGOs, Whistlehub has introduced a 50% discount for these organizations, making the platform more accessible to a wider range of companies. Noergaard remarks, “After many requests, we're now offering a more affordable price for small and medium-sized organizations. This decision aligns with our mission to make Whistlehub available to everyone, and we have already received great feedback.”
Whistlehub's end-to-end encrypted platform enables whistleblowers to anonymously report issues directly to organizations, allowing for internal resolution before problems escalate or become public. With this pricing change, Whistlehub expects to attract an additional 500,000 small and medium-sized organizations.
Whistlehub is dedicated to providing a trusted space where whistleblowers can anonymously report issues directly to organizations without fear of retaliation. By using a reliable whistleblowing system, organizations are more likely to receive reports before it's too late. Embracing internal whistleblowing allows organizations to address issues before they get out of hand or go public. Since its launch in 2022, Whistlehub has already been adopted by over 1,000 organizations.