Solange Martin

What does fraud look like in small and medium businesses?

Small and medium businesses (SMEs – organisations with 100 employees or fewer) are losing an average of US$200,000 every time they suffer a fraud, according to an international study published by the Association of Certified Fraud Examiners (ACFE). SMEs are as vulnerable to fraud as large organisations, but the causes and nature of the frauds

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Underinvestment in cyberfraud prevention: Why does it happen?

The results and wider repercussions of a well-aimed scam can be catastrophic – and expensive – for any organisation. Yet, according to an article published in the Harvard Business Review*, directors mostly underinvest in cybersecurity. We take a look at why this might be. In the 5 June 2017 edition of the Harvard Business Review there

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Compliance and fraud prevention: a director’s guide

Facts and figures Incredibly, fraud and cybercrime account for almost half of all crimes. In its Fraudscape 2017 report, the Credit industry Fraud Avoidance System (CIFAS) states: “With almost one in every two crimes a fraud or cybercrime there has never been a more urgent time for organisations to be alert to both the external and internal fraud threat.”Frauds are

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