Fraud trends - Articles - Page 9

Why America Needs a CSO

The loss of intellectual property due to theft by China costs the U.S. more than $300 billion annually and translated into 2.1 million fewer jobs in this country.

Mark McCourt

August 1, 2014

The office of U.S. Senator Tom Coburn of Oklahoma found that 25 percent of approved disability claims should have never been approved and another 20 percent are highly questionable.

Report Says 5 Percent of Organizational Revenues Lost to Internal Theft

July 3, 2014

Organizations around the world lose an estimated 5 percent of their annual revenues to occupational fraud, according to a survey of Certified Fraud Examiners (CFEs).

Study: Business Fraud, Cybercrime On the Rise; C-Suite Unprepared

June 11, 2014

U.S. respondents reported that the fraud incidence rate doubled to 16 percent from 8 percent over the last two years, according to the 13^th EY Global Fraud Survey, Overcoming Compliance Fatigue: Reinforcing the Commitment to Ethical Growth,

Survey Says Card Fraud Biggest Security Concern for U.S. Consumers

May 14, 2014

Credit and debit card fraud tops Americans' security concerns in 2014, against a recent backdrop of major retail and banking security breaches, according to the 2014 Unisys Security Index.

Judge Rules FTC can Sue Wyndham over Cyber Security Lapses

April 8, 2014

A federal judge ruled that the U.S. Federal Trade Commission can sue hotel group Wyndham Worldwide over alleged poor data security.

Fraud Plot Foiled at Vatican Bank

March 30, 2014

Two men with false bond certificates worth trillions of euros (dollars) tried to bluff their way into a Vatican bank in a foiled fraud plot.

China Seizes $14.5 Billion Assets From Ex-Security Chief

March 30, 2014

Chinese authorities have seized assets worth at least 90 billion yuan ($14.5 billion) from family members and associates of retired domestic security tsar Zhou Yongkang.

Mitigating Background Fraud Risks with Biometrics

Rick Nelson

March 25, 2014

Thirty percent of all business failures are due to theft and fraud by employees, and it has been estimated 60 percent of employee fraud and theft is committed by managers, owners, and senior executives.

California AG says State is Targeted by 'Cyber-Gangs'

March 20, 2014

California's Attorney General says cycber criminals are increasingly focusing on California because of its wealth and innovation.

Difference in Focus Marks Difference in Fraud Rates Overseas, in U.S.

North American financial executives perceived an increase in the rate of online account takeover attacks compared to their global counterparts in 2013

March 1, 2014

North American financial executives perceived an increase in the rate of online account takeover attacks (63 percent) compared to their global counterparts (50 percent) in 2013, but the actual rate of attempted and actual wire and automated clearinghouse (ACH) fraud related to account takeover is lower in North American financial enterprises than at the global institutions, according to an ACI Worldwide survey, Strategies to Prevent Attacks on Commercial Accounts.