Thursday 24 October 2013

Costly cybercrime fraud, value this year to surpass RM1.1bil of last year - Here are some handy hints

Cyber Security Malaysia chief technology officer Dr Solahuddin Shamsuddin  said “Actually, to fight this type of cyber-crime is simple – just increase the awareness of people to more careful and vigilant in following the links sent to their e-mail accounts.

“If you receive a suspicious e-mail, never try to click on the link provided. On the other hand, the public should go to their banking sites independently by typing website address themselves.

“They could also click on the padlock icon on the browser to ensure the certificates and domain address really belong to the bank,” he said.

For more read: http://www.thestar.com.my/Business/Business-News/2013/10/23/Costly-cybercrime-fraud-Value-this-year-expected-to-surpass-2012s-RM11bil.aspx

Why We Do What We Do: The ACFE’s Global Fraud Survey

"The average corporate fraud lasts up to 18 months before detection and involves more than $140,000.” - Walt Pavlo, “Forget NSA Surveillance, Your Company is Watching You," Forbes.com, June 26, 2013
"Research shows that worldwide, payroll fraud comprises 8.5 per cent of occupational fraud and costs an average of £46,195 per payroll fraud case." - UK National Fraud Authority, Annual Fraud Indicator, March 2012
"… It's not surprising that fraud in the workplace increased during the economic crisis and recession. The median loss tied to occupational fraud is $160,000 … so the issue is something about which many companies are rightfully concerned. Small businesses are especially vulnerable." - The Huffington Post, June 5, 2012