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Cybercrime hits financial firms hardest: PwC survey

Cybercrime hits financial firms hardest: PwC survey | GIBSIccURATION | Scoop.it

cybercrine - Cybercrime is the second most common type of fraud reported by financial firms, more than double the level across other industries, as criminals turn increasingly to technology as their main weapon against banks, a survey showed.

GIBS Information Centre / GIBSIC's insight:

cybercrime -  Some 45% of financial firms were victims of fraud last year, PwC's 2014 global economic crime survey showed. The survey, based on responses from 1,330 companies in 79 countries, showed theft was responsible for the highest share of economic crime, followed by cybercrime, money laundering, accounting fraud and bribery and corruption.

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Pursue Innovation, Reject Novelty

Pursue Innovation, Reject Novelty | GIBSIccURATION | Scoop.it
Companies need some structure for developing innovative supply chain ideas, not just implementing them.
GIBS Information Centre / GIBSIC's insight:

curated to GIBS Bog Blog, July -


"PwC suggests that companies follow some of these steps as a way to draw a line in the sand and separate out innovation from novelty. Though not supply chain-specific, they certainly apply and are probably already implemented to some degree among thought leaders.

 

  • Become systematic about innovation. Companies considered to be the most effective innovators have developed structures that allow employees to think like entrepreneurs, empowering them to think about problem-solutions scenarios that address their everyday concerns. Also, they have strong leadership that provides centralized support.
  • Think about the long haul. To vet out innovative ideas from novel ones, and to have a continuous stream of innovative ideas to pull from, innovative companies establish a pipeline where both incremental ideas and long-term big bets are frequently percolating.
  • Embrace digital. PwC notes the many forms of innovation have resulted from the digitalization of operational models. The firm suggests companies define what more complete digitalization could mean for the business and examine whether the company is taking full advantage of existing digital tools."


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