Tag: #detection
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Mitigating Insider Threats in High-Tech Companies: A Comprehensive Approach to Fraud Risk Management
In the fast-paced and innovation-driven world of high-tech companies, the insider threat represents a significant and growing risk. Unlike external attacks, insider threats originate within the organization, where trusted individuals—employees, contractors, or business partners—misuse their access to critical systems and sensitive data. This article delves into the various dimensions of insider threats and offers strategies…
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Understanding and Tackling Greenwashing: Insights from the EBA’s Report
The European Banking Authority (EBA) has recently published a comprehensive report on greenwashing, focusing on its implications for financial institutions, risk assessment, monitoring, and assurance requirements. Here is a summarized overview of the key points from the report, structured for better understanding and practical application. Definition of Greenwashing Greenwashing refers to the practice where sustainability-related…
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Asset Misappropriation: Types, Detection, Prevention, and Investigation
Following our previous blogposts related to Financial Statement Fraud and Bribery and Corruption, we now look into the most common type of fraud in organizations: Asset Misappropriation. Asset misappropriation represents a significant threat to organizations, constituting the most prevalent form of occupational fraud. In this article, we will explain various types of asset misappropriation, methodologies…
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The Legal Framework on Bribery and Corruption: Main International Legislation
Bribery and corruption are pervasive issues that undermine economic development, erode public trust, and distort fair competition. The global community has responded with a variety of legal frameworks aimed at combating these practices. This article explores key legislations, international treaties, and agreements from major jurisdictions, highlighting their requirements and differences. United Nations: Convention Against Corruption…
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Addressing Bribery and Corruption in Organizations
In today’s interconnected global economy, the risks associated with bribery and corruption are significant and ever-present. Bribery and corruption can severely damage an organization’s reputation, financial standing, and operational integrity. This blog post summarizes comprehensive guidance on detecting, preventing, and investigating these pervasive issues to help organizations fortify their defenses against bribery and corruption. Understanding…
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