If the chairman of the board asks, ‘can someone walk me through the anti-fraud and compliance program of our company’, it is not rare for the board to ponder who exactly owns the anti-fraud program in their organisation – legal, compliance, HR, IT? In the article ‘Who owns fraud?’ by Dan Torpey and Mike Sherrod […]
Telecoms Fraud – Changing face of Telecom crime.
It was once the domain of the petty thieves working alone, and often targeting one organisation. The organisations too did not feel the pang and often wrote the losses off as bad debts. On a bad day for the thieves, a few days of community service and a slap on the wrist was all it […]
Employment Fraud – Phoney companies and fake jobs.
It has become a familiar story in India, Bangalore in particular. Fly-by-night companies, crop up in shiny new technology parks, lure fresh engineering graduates with the promise of a world class training and a lucrative job, in return for a security deposit, and then disappear without a trace (and of course with the security deposit). […]
Big Data – Is this the end of the road for traditional Data warehouse?
Data Warehousing is close to my heart as I’ve spent a significant part of my career building, modelling or architecting large and complex data warehouses and analytics systems. If I am not building one, I am certainly using one. Finding the data sources, cleaning and loading them into structured star schemas and deriving intelligence has […]
Expenses Fraud – Train your eyes to spot the red flags.
Expenses Fraud may not be as big as other forms of occupational fraud but nonetheless it’s a soft target and considerable damage could be done, at short periods, if not nipped in the bud. According to a report by ACFE, a typical organisation loses about 5% of its revenues to occupational fraud and 15% of […]
