FinanceRegs.com » Your odds of being hit by fraud…

Your odds of being hit by fraud…

September 29, 2008 by Carol Katarsky
Posted in: Best practices, Communication, Fraud prevention, In this week's e-newsletter, Internal controls, Latest news & views

There’s a good chance your company could be the victim of some kind of fraud in the next year or two. In fact, 27% of companies have experienced a theft of electronic data in the past three years. That’s according to a report by Kroll.

That may not seem like a huge number, but that doesn’t include the many other scams, check fraud attempts and other schemes that criminals may attempt.

To make sure your company isn’t among the companies hit in the next year, your best bet is a good defense. Take some time to sit down with IT and other stakeholders in your company to discuss ways that your sensitive financial data could be vulnerable to threats internal and external.

These days, any smartphone, portable music player or keychain-sized USB drive can “slurp” data off your company’s computer. You’ll need policies and other protections in place to make sure you can cut would-be crooks off at the pass.

 

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