This month’s podcast is December’s Facebook Live recording during which ACFE President and CEO Bruce Dorris, J.D., CFE, CPA, and Fraud Magazine Associate Editor Emily Primeaux, CFE, unveiled the most scandalous fraud schemes of the year. The article is available now on Fraud-Magazine.com.
This short article is a warning to investors to employ extra due diligence prior to making any investment in initial coin offerings or token offerings as they are sometimes called. If there was ever a case for caveat emptor it is in the investment of Crypto coins or tokens. Initial coin offerings are a relatively […]
It is received wisdom that more frauds are committed by men than women, and that the bigger the amount stolen, the more likely that the perpetrator will be male. The story of Joyti Waswani is one that defies that stereotype. She believes that given the right motivation and opportunities women might well get involved in […]
The National Crime Agency (NCA), the police, and a range of partners across industry and the public sector have launched a campaign to help the public and small businesses guard against cybercrime. The NCA is producing customised intelligence reports together with the UK’s Computer Emergency Response Team (CERT-UK) and the Shadowserver Foundation to be distributed […]
It is being heavily reported today that a data compromise at Talk Talk has led to direct fraud attempts against customers. Although the Telecoms firm has reiterated that no sensitive payments details, i.e. bank accounts, were lost, it appears that fraudsters do have sufficient details to convince customers that they are genuine Talk Talk employees.
British businesses suffer a loss in the region of £98.6 billion every year due to fraud and mistakes. This eye-watering statistic is just one of many contained within the 2015 annual review of The Cost of Fraud published by accountancy firm PKF Littlejohn and the Centre for Counter Fraud Studies at the University of Portsmouth. Globally, businesses are losing […]
With the number and frequency of occupational fraud incidents continuing to rise, according to Verizon’s 2014 Global Data Breach Investigation Report, organisations’ top insider threat is staff members taking advantage of their systems’ access privileges to commit nefarious acts. Interestingly, the report indicates that the vast majority of incidents involve employees using their organisations’ corporate […]
KPMG have issued a telling press release concerning fraud trends … it is reproduced here in it’s entirety with due acknowledgement and thanks to the author and the company. Fraud cases totalling £317 million were recorded in the first half of 2014, according to KPMG’s latest Fraud Barometer. The figure represents a 39 percent drop […]
New sentencing guidelines come into force on 1st October 2014 and apply to all Courts. They are focused upon economic crime by corporates. The Courts determine the levels of fine according to Section 164 of the Criminal Justice Act 2003. Section 174 of the Criminal Justice Act 2003 imposes a duty to give reasons for, […]