Fraud and Risk Management
242 views | +0 today
Your new post is loading...
Your new post is loading...
Scooped by Alina Bortkevič
Scoop.it!

An Active Fight against Fraud: Integrating People, Process & Data Analysis Technology | CaseWare Analytics

Using people, process and technology to fight fraud.
Alina Bortkevič's insight:
IDEA® is a powerful and user-friendly data analysis tool designed to help auditors, accountants and other finance professionals perform data analysis quickly to help improve audits and identify control breakdowns.  IDEA allows you to analyze 100% of your data, guarantees data integrity and provides easy analysis with over 100 audit-relevant tasks.  
more...
No comment yet.
Scooped by Alina Bortkevič
Scoop.it!

$80 million tied to Yanukovych associate frozen in Latvian banks

$80 million tied to Yanukovych associate frozen in Latvian banks | Fraud and Risk Management | Scoop.it
Along with the 80 mln USD arrested, some 177,000 euros and a million Czech crowns (about 40,000 euro) have been frozen.
more...
No comment yet.
Scooped by Alina Bortkevič
Scoop.it!

Hacker forum takedown leads to arrest in Latvia

Hacker forum takedown leads to arrest in Latvia | Fraud and Risk Management | Scoop.it
Latvian State Police announced today that one of the largest hacking forums in the world, Darkode, was liquidated this week, with 28 persons arrested and 37 searches conducted in an international operation carried out by the Federal Bureau of Investigation backed by the Europol European Cybercrime Centre.

Latvian State Police played their part in the takedown, searching a suspect's residence where drugs were found.
more...
No comment yet.
Rescooped by Alina Bortkevič from Global Corruption
Scoop.it!

Global profiles of the fraudster

Global profiles of the fraudster | Fraud and Risk Management | Scoop.it
Clearly, the behavioural sciences field does not currently allow for one to accurately predict the possibility that an individual will resort to perpetrating fraud in or against an organisation. Having said that, past history and profiles of individuals that have been involved in fraudulent activity does paint a picture, albeit blurry. Using this knowledge, we begin asking questions that can better support fraud risk management capabilities. What measures does my organisation have to identify the red flags of the perfect storm for fraudulent behaviour based on the fraud triangle – motivation, opportunity and ability to rationalise the act of fraud? What controls does my organisation have in place to prevent unlimited authority to go unchecked and provide the opportunity for fraud and misconduct? Is intolerance of fraud part of our corporate culture? Are allegations regarding members of management treated differently than line employees? Are our fraud risk management programs and controls tailored to our region’s corporate and social cultural norms to encourage and support intolerance of fraud and misconduct and improve our efforts to deter and detect crimes? With the failure to initially respond to red flags and lapses in internal controls being major contributors to enabling fraud, how will I enhance my organisation’s awareness with respect to fraud prevention and detection efforts?

While new technology has created novel types of fraudulent behaviour, and fraud risks cannot be fully mitigated, addressing the global profiles of the fraudster across different regions will help you to remain vigilant and remember that the typical fraudster may remain the tenured, trusted employee – the last one you may have suspected.

Via Jim Wesberry
more...
No comment yet.
Scooped by Alina Bortkevič
Scoop.it!

What's your fraud IQ?

What's your fraud IQ? | Fraud and Risk Management | Scoop.it
Alina Bortkevič's insight:

"Organizations seeking to prevent and detect fraud can greatly boost their chances of success by instituting a strong ethics program. How can you develop and deploy a good ethics program? What are the characteristics of an ethical work environment? Test your knowledge in this month’s Fraud IQ quiz."

more...
No comment yet.
Scooped by Alina Bortkevič
Scoop.it!

Easy Solutions | Total Fraud Prevention

Easy Solutions | Total Fraud Prevention | Fraud and Risk Management | Scoop.it
-
Alina Bortkevič's insight:

Frauditoriai, UAB is proud to be the Easy Solutions Gold Partner.  

Easy Solutions’ Total Fraud Protection solution represents one of the most innovative and effective security technologies on the market today.  Easy Solutions was named an SC Award finalist for its efforts to raise the bar for the security industry. This award acknowledges superior products and services that help customers address the most pressing cyber-security threats.  

more...
No comment yet.
Scooped by Alina Bortkevič
Scoop.it!

DFLabs ranked 17th on the 'Cybersecurity 500' Cyber Incidents Under Control: DFLabs

2nd in Europe on the ‘Cybersecurity 500′; the 500 Most Innovative Cyber Security Companies to Watch in 2015
Alina Bortkevič's insight:

UAB Frauditoriai is proud to represent DFLABS, the company specialised in automated incident response management, ranked 2nd in Europe (17th globally) on the ‘Cybersecurity 500′; the 500 Most Innovative Cyber Security Companies to Watch in 2015.

more...
Alina Bortkevič's curator insight, March 18, 2015 4:17 PM

UAB Frauditoriai is proud to represent DFLABS, the company specialised in automated incident response management, ranked 2nd in Europe (17th globally) on the ‘Cybersecurity 500′; the 500 Most Innovative Cyber Security Companies to Watch in 2015.

Scooped by Alina Bortkevič
Scoop.it!

Mortgage scammer commits fraud from inside jail cell

Mortgage scammer commits fraud from inside jail cell | Fraud and Risk Management | Scoop.it
A California man will spend the next 24 years in prison for leading a mortgage fraud scheme through which he stole $5.8 million in fees and monthly payments from struggling homeowners.
Alina Bortkevič's insight:

“Tikal exploited the financial crisis by setting out to hurt others and profit from that hurt, and he accomplished his mission through his crime,” said Christy Romero, Special Inspector General for TARP (SIGTARP). 

more...
No comment yet.
Scooped by Alina Bortkevič
Scoop.it!

Lithuania supported the anti corruption project carried out by OECD in Ukraine

Alina Bortkevič's insight:

"The Ministry of Foreign Affairs of Lithuania allocated 30 thousand euros to the project carried out by the Organisation for Economic Cooperation and Development (OECD) in Ukraine. The project aims to strengthen the legal and institutional anticorruption environment, as well as international cooperation in the field of anticorruption."

more...
No comment yet.
Scooped by Alina Bortkevič
Scoop.it!

The interview - George Soros: Russia is a 'mafia state'

The interview - George Soros: Russia is a 'mafia state' | Fraud and Risk Management | Scoop.it

Billionaire investor and philanthropist Georges Soros Billionaire investor and philanthropist Georges Soros talks to FRANCE 24 about the threat posed by Vladimir Putin. He also shares his concerns about the challenges facing the EU.

Alina Bortkevič's insight:

George Soros warns that some European leaders now “look to Russia as a role model.”

more...
No comment yet.
Scooped by Alina Bortkevič
Scoop.it!

EU accounts fail audit for 19th year in a row | News | UKIP MEPs

EU accounts fail audit for 19th year in a row | News | UKIP MEPs | Fraud and Risk Management | Scoop.it
UK Independence Party (UKIP) Members of the European Parliament (MEPs). Features UKIP MEP speeches, media interviews and articles, as well as a regularly updated news blog.
Alina Bortkevič's insight:

"For the 19th year in a row, the EU's Court of Auditors has refused to give a clean bill of health to the EU's accounts for the year ending 31st December 2013. The EU's Court of Auditors registered an 'adverse opinion' about the legality and regularity of EU payments, blasting them as being "materially affected by error" - with almost €7 billion being paid out improperly."

more...
No comment yet.
Scooped by Alina Bortkevič
Scoop.it!

EU reveals plans for simpler VAT system | Taxation

EU reveals plans for simpler VAT system | Taxation | Fraud and Risk Management | Scoop.it
a Simpler, More Effective and More Fraud-Proof VAT System
Alina Bortkevič's insight:

"The European Commission (EC) has published the document Ideas on How to Ensure a Simpler, More Effective and More Fraud-Proof VAT System, with the aim to create a “definitive” sales tax regime."

more...
No comment yet.
Scooped by Alina Bortkevič
Scoop.it!

Lithuania helps shut down illegal international online trade network

Lithuania helps shut down illegal international online trade network | Fraud and Risk Management | Scoop.it
In cooperation with law enforcement officers from 16 EU member states, including prosecutors from Lithuania's Prosecutor General's Office and criminal police investigators, US officers have shut down an illegal international online trade network.
Alina Bortkevič's insight:

"According to the Lithuanian Criminal Police Bureau, 17 traders and administrators were arrested as part of a joint operation on Thursday, and 410 online sites that operated on the anonymous TOR network were shut down."

more...
No comment yet.
Scooped by Alina Bortkevič
Scoop.it!

Estonia’s anti-money laundering laws clamp down on Bitcoin traders

Estonia’s anti-money laundering laws clamp down on Bitcoin traders | Fraud and Risk Management | Scoop.it
Estonia will not succeed without embracing disruptive technology
Alina Bortkevič's insight:

Otto de Voogd:

“As for the Estonian government, I’d advise them to repeal the laws their bureaucrats and courts are using to hamper Bitcoin. Those laws were never intended for that, they serve no purpose but to hold Estonia back and chase businesses and people out of the country.”

“Secondly I’d advise them to remove the VAT requirement from Bitcoin. I am sure they’ve not levied even 1 cent of VAT on Bitcoin, because no-one is stupid enough to buy Bitcoins with VAT in Estonia when you can buy them in any other EU country without VAT. Just as with the law I mentioned above, this one also serves no purpose and only chases business out of the country.”

“I still hold a little bit of hope that they might come to their senses and change these laws, but as I said, my future no longer depends on the Estonian government being wise or not, and I’d certainly not advise anyone to make plans based on possibly false hope of change in Estonia. If you do want to go to the Baltics, Lithuania would seem a far better choice.”

 
more...
No comment yet.
Scooped by Alina Bortkevič
Scoop.it!

Revenue Service angry over bank's comments on tax-evading clients

Revenue Service angry over bank's comments on tax-evading clients | Fraud and Risk Management | Scoop.it
Comments by Toms Stārosts, head of the Citadele bank branch in Liepāja, about the bank considering an individual's untaxed income when handing out loans, have angered the State Revenue Service. According to the Revenue Service, the comments are unacceptable as they create the impression that evading taxes is acceptable, said Dace Pelēkā, a representative of the institution.
more...
No comment yet.
Scooped by Alina Bortkevič
Scoop.it!

EU investigators identify €901 million in fraud

EU investigators identify €901 million in fraud | Fraud and Risk Management | Scoop.it
Alina Bortkevič's insight:
The total of €901 million from the European Union 2014 budget was misspent, the European Anti-Fraud Office OLAF said in a report released on Wednesday.€476.5 million from the 2014 total had disappeared from EU structural funds.  

Acting on OLAF recommendations, EU member states have been able to recover a meager €206.5 million in 2014, from the total EU budget of €142.7 billion.

more...
No comment yet.
Scooped by Alina Bortkevič
Scoop.it!

The EPO confirms use of external investigation firms

The EPO confirms use of external investigation firms | Fraud and Risk Management | Scoop.it
According to a comment received on her earlier post, Merpel understands that the European Patent Office has responded by means of the following internal Communiqué to the concern about reports that Control Risks (who describe themselves as "an...
more...
No comment yet.
Scooped by Alina Bortkevič
Scoop.it!

Top 10 Types of Investment Scams

Top 10 Types of Investment Scams | Fraud and Risk Management | Scoop.it
Be aware of the 10 most frequent investment scams that are perpetrated on the public by licensed and unlicensed individuals. There will be an 11th scam.
more...
No comment yet.
Rescooped by Alina Bortkevič from Credit Cards, Data Breach & Fraud Prevention
Scoop.it!

Credit card of the future could stop fraud

Credit card of the future could stop fraud | Fraud and Risk Management | Scoop.it
This credit card has a battery, chip and screen to display a dynamic CVV code. The point? Stopping fraudsters.

Via Kenneth Carnesi,JD
more...
No comment yet.
Scooped by Alina Bortkevič
Scoop.it!

What’s Lurking in the Deep End of the Internet?

What’s Lurking in the Deep End of the Internet? | Fraud and Risk Management | Scoop.it
The recent evolution of the Deep Web has allowed fraud to become increasingly commoditized and easier to do, simply because there are many ways to monetize the fraud process itself. As it continues to mature, we expect to see increasingly sophisticated fraud based on the ability to mine the Deep Web for a variety of information.
Alina Bortkevič's insight:

"The recent evolution of the Deep Web has allowed fraud to become increasingly commoditized and easier to do, simply because there are many ways to monetize the fraud process itself. As it continues to mature, we expect to see increasingly sophisticated fraud based on the ability to mine the Deep Web for a variety of information."

more...
No comment yet.
Scooped by Alina Bortkevič
Scoop.it!

OCCRP Person of the Year - Vladimir Putin

OCCRP Person of the Year - Vladimir Putin | Fraud and Risk Management | Scoop.it
Vladimir Putin has been named the 2014 Person of the Year by the Organized Crime and Corruption Reporting Project (OCCRP), an award given annually to the person who does the most to enable and promote organized criminal activity.

Putin was recognized for his work in turning Russia into a major money-laundering center; for enabling organized crime in Crimea and in the Donbass region of eastern Ukraine; for his unblemished record of failing to prosecute criminal activity; and for advancing a government policy of working with and using crime groups as a component of state policy.

“Putin has been a finalist every year so you might consider this a lifetime achievement award,” said Drew Sullivan, editor of OCCRP. “He has been a real innovator in working with organized crime. He has created a military-industrial-political-criminal complex that furthers Russia’s and Putin’s personal interests. I think Putin sees those interests as one and the same.”
Alina Bortkevič's insight:

“For years Putin has created buffer states run by organized crime thugs, like Transnistria, Ossetia, Abkhazia and now Crimea and the Donbass,” Sullivan said. “While there is a long history of criminal groups working with governments around the world, both in the West and in the former Soviet Union, Putin has institutionalized these connections in ways never seen before.”

more...
No comment yet.
Scooped by Alina Bortkevič
Scoop.it!

Russia Delivers a New Shock to Crimean Business: Forced Nationalization

Russia Delivers a New Shock to Crimean Business: Forced Nationalization | Fraud and Risk Management | Scoop.it
Crimea’s Kremlin-backed government is moving aggressively to take over businesses that it deems “inefficient,” strategically important, or friendly to the government in Kiev.
Alina Bortkevič's insight:

A large scale fraud:

"Crimea’s Kremlin-backed government is moving aggressively to take over businesses that it deems “inefficient,” strategically important, or friendly to the government in Kiev."

more...
No comment yet.
Scooped by Alina Bortkevič
Scoop.it!

Malicious Insider Psychology – when pressure builds up in the Fraud Triangle

Malicious Insider Psychology – when pressure builds up in the Fraud Triangle | Fraud and Risk Management | Scoop.it
The factors of the Fraud Triangle prepare the ground for an insider to act maliciously on his own account. The pressure is the reason for the act, the opportunity provides a possible solution and the rationalization justifies the act.
Alina Bortkevič's insight:

"The factors of the Fraud Triangle prepare the ground for an insider to act maliciously on his own account. The pressure is the reason for the act, the opportunity provides a possible solution and the rationalization justifies the act."

more...
No comment yet.
Scooped by Alina Bortkevič
Scoop.it!

EP starts discussing call to lift Lithuanian MEP's immunity

EP starts discussing call to lift Lithuanian MEP's immunity | Fraud and Risk Management | Scoop.it
The European Parliament is opening discussions on the request of Lithuanian prosecutors to revoke the legal immunity of MEP Viktor Uspaskich to allow his trial on fraud charges.
Alina Bortkevič's insight:

"In July 2013, a Vilnius court found Uspaskich guilty of fraud and fraudulent bookkeeping and sentenced him to four years in prison. Uspaskich denies his guilt and is calling the whole process politically-motivated.  The sentence can come into force only after the Court of Appeals passes a ruling."

more...
No comment yet.
Scooped by Alina Bortkevič
Scoop.it!

Naujienos ir komentarai

Alina Bortkevič's insight:

"Ilgalaikės žvalgybos operacijos metu nustatyti asmenys, kurie nuolat bendravo su Baltarusijos Respublikos ginkluotųjų pajėgų Generalinio štabo Vyriausiosios žvalgybos valdybos (BR GRU) slaptu darbuotoju. Žinodami apie jo ryšį su šia institucija jo pavedimu galimai rinko ir perdavė minėtai užsienio valstybės institucijai informaciją, įskaitant ir valstybės paslaptis apie Lietuvos kariuomenę, jos dalinius, strateginę reikšmę Lietuvos nacionaliniam saugumui turinčias valstybės įmones, jų veiklą, objektus bei juose esančius įrenginius."

more...
No comment yet.