Articles Tagged with ''fraud prevention''

Nearly one in six American organizations suffered from fraud in the last two years, according to the 13th Global Fraud Survey from EY – nearly double the rate measured in 2012. While mitigating external risks is all well and good, ensure that you look inside your enterprise as well – all the way to the cubicle.

Three-million offensesagainst UK retailers in 2014 racked up direct costs of £603 million ($913 million U.S.) in 2014 – while the number of in-store thefts fell by four percent, the value per incident climbed 36 percent. 

According to Royce Jeffries, the VP of Security Risk Management for Cornhusker Bank, the area had been affected by “lane gang crimes” – thieves break into vehicles or homes to take wallets and checkbooks. Then they drive to the bank with a check and the account holder’s ID, go to the furthest drive-through lane, often in disguise, and try to cash checks.

Prosegur can integrate all activities in the cash lifecycle in order to offer efficient services with guarantees of monitoring and traceability.

Companies and their Boards are struggling with increased regulatory burden and the risks associated with operating in emerging markets.  Regulators are challenging corporate compliance and governance models as companies aim to mitigate risk while shareholders expect growth.  The changing landscape for cross-border disputes, bribery and corruption and cyber-crime continues to test compliance and governance models, especially in new markets.  

One of the most important topics currently on boardroom agendas focuses on governance. Ensuring that the enterprise understands and complies with laws, regulations, policies and procedures is no longer simply enough.

Security researcher Brian Krebs has uncovered the involvement of credit bureau Experian in an ID theft operation, according to ZDNet. Experian became involved through their March 2012 acquisition of Court Ventures.