Latest ACFE Fraud Report now available!

Analysis of 2,410 cases of occupational fraud that occurred in 114 countries throughout the world by ACFE.

Read More at:
http://www.acfe.com/rttn2016.aspx?mkt_tok=eyJpIjoiWWpRd09EWTNZMlZtTlRaaCIsInQiOiI1dTlmUEFOSmdmT0xzKzVMbTdQYUQ4eWl1SXFFRXl2QmpYSHBEV0NJN0pBclNEWFVIUWlTcWREaVZJZndMUWJrSUpjaVU4R29DWndKcThIZHhablhoUWlacDRUZGJ2VzdwNXdMRFVMMmtmOD0ifQ%3D%3D 

Workers warned to watch out for bogus requests from bosses to transfer money as one firm loses £18.5m

The scam, which sees criminals impersonate e-mail accounts of chief executives to trick staff into wiring payments to an overseas bank account, has cost firms around the globe $2billion – or £1.43billion – in the last two years, according to the US Federal Bureau of Investigation.

http://www.thisismoney.co.uk/money/saving/article-3471248/Beware-CEO-fraud-costing-British-businesses-millions.html?mkt_tok=3RkMMJWWfF9wsRoks6rMZKXonjHpfsX%2F7eokWLHr08Yy0EZ5VunJEUWy3IEISNQ%2FcOedCQkZHblFnVgJSq29RawNr6IE

THE MOST LIKELY VICTIM OF FRAUD IS …

Margaret is a retired schoolteacher and widow with two children and four grandchildren. Richard, a practicing physician, is a faculty member at a university medical center. Adam is a fourth-grader who excels at math but has a strong dislike for cleaning his room. John, an attorney, has been practicing tax law for more than 20 years, and his friends are among the upper echelon.

Of these four people, who is the most likely victim of fraud? Considering the countless scams and schemes that fraudsters use their devious, yet often very intellectual, minds to concoct and perpetrate, the answer might — or might not — come as a surprise.

Let’s find out which of our four “contestants” turns out to be the unlucky “winner.”


http://www.acfe.com/fraud-examiner.aspx?id=4294991840&mkt_tok=3RkMMJWWfF9wsRoks6zBZKXonjHpfsX%2F7eokWLHr08Yy0EZ5VunJEUWy3IEATdQ%2FcOedCQkZHblFnVgJSq29RawNr6IE

Traits of an ethical leader

Five traits of an ethical leader

The year just past saw many major business scandals including those at Volkswagen, 7-Eleven and Turing Pharmaceuticals. All pointed to a business culture using the “end justifies the means” argument to justify unethical if not illegal practices.

While hopefully the exception and not the rule, these cases all left the public asking whether getting caught was seen by some leaders as the worst crime of all.

What are the qualities of an ethical leader and how might someone with those qualities think and act?

https://theconversation.com/five-traits-of-an-ethical-leader-51181

Why 'fear' is a motivator for unethical behaviour

Fear and embarrassment — rather than lining executive pockets– may be the primary motivating factor for private and public company executives succumbing to financial statement fraud, according to recently published research.

http://daily.financialexecutives.org/fears-impact-on-accounting-fraud-is-actually-kind-of-spooky/?mkt_tok=3RkMMJWWfF9wsRokvqzLZKXonjHpfsX%2F7eokWLHr08Yy0EZ5VunJEUWy24YGTtQ%2FcOedCQkZHblFnVgJSq29RawNr6IE

7 of the biggest corporate scandals

Astonishing unethical behaviour from Volkswagen, Enron, Libor and others....http://money.cnn.com/gallery/news/2015/10/14/biggest-corporate-scandals/index.html

Many Australians are guilty of lax behaviour when it comes to protecting themselves online.

Credit information provider Veda, which released its preliminary report on cyber fraud in fiscal 2015 on Wednesday, says reported incidents of credit application fraud rose 13 per cent in 2014/15.

Nearly one in three Australians published their full birth date - a key piece of information in verifying someone's identity - on social networking sites.

Fraudsters are increasingly using stolen or fabricated identities when applying for credit.

http://www.sbs.com.au/news/article/2015/10/07/more-stolen-ids-used-credit-fraud