enterprise fraud

The Costs of Insider Fraud

by Christine Meyers 21 December 2011

Information technology moves fast. Recent advances have led to streamlined business operations and innovative products and services. They have also opened up new avenues for fraud. Breach announcements disclosing information leaks and theft of privacy data are so commonplace, many of us turn a deaf ear to them and a blind eye to the underlying vulnerabilities they [...]

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 [...]

Medical Identity Theft–The Next Big Thing?

by Christine Meyers 8 November 2011

I was speaking with a friend the other day about Medical Identity Theft, HIPAA compliance and enterprise fraud management. We were discussing a survey report published in March by the Ponemon Institute that found roughly 1.5 million Americans are victims of medical ID theft. In the survey, fourteen percent of respondents said the breach [...]

Ponemon: Real Risks of Insider Threats Often Stay Hidden

by Christine Meyers 18 October 2011

It’s easy to point fingers when another organization has an insider fraud incident. But information from the new Survey on the Risk of Insider Fraud by Attachmate Corporation and Ponemon Instituteshows that more organizations need to turn a scrutinizing eye toward their own risk. The survey encompassed more than 700 organizations and revealed some alarming [...]

We See Insider Fraud Every Day

by Christine Meyers 2 October 2011

Enterprise fraud and misuse is on the rise. A recent study by the Ponemon Institute found that of the organizations surveyed, on average respondents experienced more than one incident of employee-related fraud per week – about 53 in a year’s time. Twenty-four percent of respondents indicated that their organizations experienced more than 100 incidents in the past 12 [...]

The Impact of Fraudulent Behavior: Internal v External

by Christine Meyers 25 September 2011

Financial losses from the recent data hacks on banks and online services are being revealed bit by bit. For example, last month Citigroup disclosed that its credit card customers suffered losses of around $2.7 million from their account details being stolen. While the loss is serious it actually only applied to 1% of the cards affected [...]