Enterprise Fraud

Why Companies Ignore Fraud Prevention Failures

by Christine Meyers 1 August 2013

Failure to recognize or respond to workplace fraud costs U.S. businesses millions each year. While circumstances leading to fraudulent behavior vary widely among companies, recent studies may reveal why some institutions ignore illegal activity – even when it’s happening in plain view. Here are some reasons companies turn a blind eye to expensive, systemic insider [...]

What Is the True Cost of Fraud?

by Christine Meyers 30 July 2012

Organizations lose millions to fraud. According to the most recent ACFE Report to the Nations, organizations lose about 5% of their annual revenue to fraud. That number is staggering. What’s even more troubling is all the different ways organizations are “paying” for the hidden fraud in their companies today. Here are just a few of [...]

Proposed NIST Guidelines Call for Continuous Monitoring to Control Risk

by Christine Meyers 2 February 2012

The National Institute of Standards and Technology (NIST) released its proposed guidelines last week, which call for organizations to develop capabilities for continuous monitoring and enterprise-wide tracking of information to better measure the effectiveness of security policies and calculate risk of fraudulent activity. This is a forward-thinking approach by NIST, and we believe this is [...]

Anonymous shreds intelligence firm Stratfor in latest hack

by Larry Meeusen 29 December 2011

Stratfor specializes in “strategic intelligence on global business, economic, security and geopolitical affairs,” It appears Stratfor failed to encrypt any of its credit card information, despite promises “to maintain safeguards to protect the security of these servers and your personally identifiable information,” according to its privacy policy.” http://www.scmagazine.com/anonymous-shreds-intelligence-firm-stratfor-in-latest-hack/article/220781/?DCMP=EMC-SCUS_Newswire I just wonder when will corporations and [...]

The Importance of Continuous Monitoring in Healthcare

by Christine Meyers 23 November 2011

Today’s next generation of fraud detection technologies can go a long way to supporting a HIPAA HITECH compliance effort and prevent privacy violations, misuse and abuse. Simply put, these systems provide visibility across multiple data channels to offer a comprehensive view of what is going on in your environment. Leading solutions offer screen-by-screen replay of [...]

4 Kinds of Enterprise Fraud (And How to Prevent Them)

by Christine Meyers 10 November 2011

Enterprise fraud and workplace policy abuse come in many forms, and every business is at risk. Unfortunately, it’s not always obvious when workplace fraud occurs. Perpetrators are often insiders – long-time employees or trusted staff members who have access to sensitive information. The very idea that these people would cheat you can be hard to [...]