A former executive at an airplane repair company with government contracts pleaded guilty to recklessly endangering the safety of aircraft, according to the Justice Department.
Only 47 percent of Canadian firms reported difficulties with fraud, theft and corruption this year, compared with 77 percent of companies in sub-Saharan Africa.
Investigators from the Government Accountability Office (GAO) were able to obtain drivers licenses and state IDs using counterfeit materials in three different states.
A recent Ponemon institute survey reported that while the cost for data breaches is trending downward, this does not apply to stolen healthcare information.
Get to know Charles E. Andrews, Director of Security for the TeleCheck business at First Data, a payment processing company that provides merchant transaction processing services: credit, debit, private-label, gift, payroll and other prepaid card offerings; fraud protection and authentication solutions; electronic check acceptance services through TeleCheck; as well as Internet commerce and mobile payment solutions.
Unlike most other crimes, employee fraud involves both deception and an abuse of the trust that has been placed in the perpetrators as part of their professional roles. Most fraudsters also undertake specific efforts to conceal their crimes. This combination of factors makes fraud schemes particularly difficult to detect – which, in turn, allows the frauds to continue uninterrupted and the losses to multiply.
