How effective is your organisation’s fraud risk management strategy?
The release of the United States based Association of Certified Fraud Examiners “Report to the Nation on Occupational Fraud and Abuse 2008” has highlighted the global trend towards corruption being rated the number one modus operandi experienced by organisations (27% of all reported incidences).
Fraud Flag Checklist
Because fraud is a crime of deceit, it is not always apparent that a crime has been committed. It is therefore crucial that red flags, or fraud symptoms, are looked for in order to detect fraud. The problem, however, is twofold:
New weapons to fight white collar crime
"New weapons to fight white collar crime", a mini seminar hosted by the Durban branch of Business Against Crime in conjunction with the Durban Chamber of Commerce and Industry (CCI) on 22 August 2005, attracted a record number of attendees from the region's business and government sectors.
Tips from SABRIC and the Banking Council
PAYPAL SCAM
SABRIC warns consumers that personal details such as credit card numbers should not be sent to anyone via e-mail and that only reputable Internet websites should be used for purpose of online shopping.
2010: Cyber-Crime on high alert
In 2010 there has been an alarming increase in cyber-crime incidents being reported by international monitoring institutions such as the Internet Crime Compliant Centre (IC3) and Messagelabs Intelligence.
Spear Phishing: Looting bank accounts dry
Fin24.com recently reported that in the last couple of months, email scams exploiting South African bank account holders have more than tripled since the start of 2010.
Reporting of Crime to the Police
During my address to an audience at the Durban Chamber of Commerce and Industry on 12 April 2006, I was amazed to find that very few of the managers present knew of the legal requirement to report certain crimes to the police, particularly as the issue had been raised before during a previous presentation.
Malicious Employees and Data Security
In the hands of poorly informed, disgruntled or careless employees, the systems that store a company’s intellectual property or sensitive data are at risk.
Trends on avoiding fraudulent charitable contribution schemes
Intelligence Note
Prepared by the
Internet Crime Complaint Center (IC3)
March 11, 2011
Recently several natural disasters, including tornadoes, floods, and earthquakes, have devastated lives and property. In the wake of these events that have caused emotional distress and great monetary loss to numerous victims, individuals across the nation often feel a desire to help these victims, frequently through monetary donations.
Card Skimming: A Major Threat
During the FIFA World Cup, we had a large influx of foreigners who boosted our local economy. We are becoming more and more dependent on technology to streamline our daily lives, especially with regards to international travel and currency transactions.