Archive for the ‘Threat’ Category
The Future of Frauds and Threats: Are You Prepared?
Here are some of my thoughts on the future of threat and risk. -Mark Lurie, CFE, CTA "Adaptation to the constant changing of frauds and threats is not an option. It is a mandatory requirement for businesses and institutions alike to survive, compete and achieve on-going successes, both domestically and globally." “Companies that ...
Maintaining Your Fraud/Threat Plan
Just like your business operations, the world of frauds and threats is constantly changing. The key to a successful AFPFO and ATPTO is not when it is implemented, but how it is perpetually maintained after the implementation. Preventative and Post Maintenance Operations Make the plan better and more aggressive in both Anti-Fraud / Post-Fraud ...
The Benefits of an AFPFO/ATPTO Plan
What are the benefits of committing your organization to a thorough AFPFO/ATPTO plan? From an AFPFO perspective: It will be beneficial and profitable in more ways than one: Reduce the loss Reduce the amount of time dealing with containment and post-loss procedures Reduce legal scrutiny Reduce negative PR Reduce or eliminate regulatory punishments and/or fines Reduce client/customer loss ...
AFPFO/ATPTO Solutions
Anti-Fraud/Post-Fraud Operations and Anti-Threat/Post-Threat Operations: Two Distinct Solutions The AFPFO and ATPTO each consists of three components: Component 1: A policy consisting of anti-fraud (or anti-threat) methodology, guidelines and a plan combining a proactive automated and manual system to reduce the potential for a fraud or threat to occur. Component 2: A policy consisting of ...
Facing Fraud and Threat Realistically
To face fraud and threat realistically, an organization must adopt the philosophy that frauds and threats are inevitable and will happen; and that while frauds and threats cannot be eliminated, they can be reduced and substantially mitigated. The organization must also recognize the following requirements for a successful anti-threat and anti-fraud policy: Global acceptance in all company operations Clearly defined program management ...
Right and Wrong Fraud/Threat Methods and Policies
Here are some terms and definitions for understanding the wrong and right ways an organization can prepare for and deal with frauds and threats: OBJECTIVE METHODOLOGY (Right) Reasonable, carefully planned analysis focusing on a defined objective Proactive compliance (internally) Carefully identifying the components of the security breaches from a company-wide perspective Researching and developing systems and procedures, taking into ...
Software: An Incomplete Solution for Frauds and Threats
Software alone will never remove or eliminate fraud or threats, nor will it permanently reduce them. Even the best conceptual artificial intelligence software cannot come close to a well-tailored and designed fraud or threat. Artificial intelligence has not even scratched the surface in anti-fraud technologies, and while it will progress, the advancements of ...
What are “Accepted Losses”?
All organizations deal with acceptable losses in its many forms: loss of revenue, loss of personnel, loss of equipment, etc. A company can take a "look the other way" approach, which is the same thing as saying, "We want to maximize our acceptable losses." Or it can define, confront and control its acceptable losses, ...
Consequences of Fraud and Threat
Consequences of Fraud Local Distrust of the security, credibility and integrity of company operations “Churning” (loss through movement or migration elsewhere) of customers and clients Massive financial losses with little or no recovery Destruction of businesses / personal revenue Surge of bankruptcies and re-organizations Media and PR scrutiny National Government step-ins Reactive regulatory laws, policies and enforcement Reluctance to deal with ...
The Many Names of “Business Rescue”
The term “Business Rescue” is not well-received. More palatable terms have been coined, such as: Business Reconstruction (e.g. “Business Turn-around”) Distressed Operations Business Reorganization However, in each of the three terms used, it is truly a rescue of the present business operations of a company/institution in serious-to-critical condition. Let there be no misunderstanding: business rescues are ...
Introduction
The last half of 2008 brought a global financial disaster from which we are still reeling. Strangely enough, the destruction, havoc and uncertainty that it brought are now second-hand news compared to the new 2009 disclosures of record losses and unforeseen declines in revenues, sales, and the like. So many unanswered questions--yet ...
What is a Threat?
A threat is a situation where an individual, business entity, institution, or respective staffing/management is targeted or placed at any degree of risk for the purposes of some type of gain by another individual, entity or government. This can include, but is not limited to: extortion, blackmail, terrorism, destruction of property or ...
Tulsa County
District Court of Tulsa County, State of Oklahoma, United States -2005. RSI was hired as chief expert witness and for research services in this landmark case. Established damages for Internet espionage and stalking of an individual and the business operations of the individual; sustained judgment exceeded $1.4M. This case was the first of ...
RSI Case Summaries
Tulsa CountyDistrict Court of Tulsa County, State of Oklahoma, United States -2005. Research Solutions was hired ...
WorldComWorldCom – Research Solutions was responsible for independent general analysis and investigation of accounting ...
EnronResearch Solutions was responsible for international validation of accounting misrepresentations (accountancy fraud) and tracking of ...
BCCIBCCI - (Bank of Credit and Commerce International) - Accepted and historically known as ...
