Bank employee steals 100,000 sheqels
This is a classic case of trusted insider threat – as reported by yesterday’s morning paper – “Israel Today”: ( i assume that this has been under investigation for a while so the actual event may have happened over a year ago…). The arrest sheet in the Tel Aviv district court depicts collusion between an […]
US companies had no plan for the downturn?
Alistair Milne, a professor at the City University of London’s Cass Business School deserves gets my nomination for Cassandra of the year award. I saw a report on BNET this morning that “1/3 of US companies had no plan for the downturn”. In Israel it’s more like 99% of companies and 100% of the government […]
Debating estimates of loss is a dead end
I was working on an article on a holistic approach to data leakage, fraud and revenue leakage today. Spend most of my Sunday, reading and trying to summarize some of the work we’ve done with our telecom service provider customers in Israel and Poland. I came across a thread entitled What is the acceptable percentage […]
How to classify assets in a risk assessment
One of the more difficult tasks in any fraud, revenue assurance, security or compliance risk assessment is classifying assets and tagging them with a financial value. Here are a few tips on asset classification and valuation. There are 5 fundamental types of assets: physical assets (like a building or a data center), digital assets (like […]
