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The 2022 State of Internal Audit Trends Report by CaseWare International surveyed 3,926 business professionals with internal audit responsibilities globally about how they manage business change, address security challenges and use technology to battle fraud risk.
Just like about everything else in the world, the loss prevention/asset protection space has been hugely affected by the pandemic and the “traditional” threat landscape for security professionals in this area has evolved over the past year and half. Let’s take a look at pain points, best practices and COVID-19’s impact on loss prevention.
New data from Barracuda Networks reveals that hackers are taking advantage of the heightened focus on the COVID-19 vaccine and are increasingly using vaccine-related emails in targeted spear-phishing attacks.
Theft, fraud and losses from other retail “shrink” totaled $61.7 billion in 2019, up from $50.6 billion the year before as industry security executives reported increases in the number of shoplifting, organized retail crime and employee theft incidents, according to the annual National Retail Security Survey released by the National Retail Federation.
In 2017 the risk of fraud continued to evolve and intensify; identity fraud hit a new all-time high and cyber-enabled fraud accounted for an even greater proportion of the growing problem, according to the 2019 Fraudscape report.
New data from Jumio reveals that online ID fraud attempts on government-issued IDs increased 22 percent worldwide during the 2018 Black Friday to Cyber Monday period compared to the non-holiday full-year average.