Starting, Operating And Managing A Company Or Organization Invariably Comes With Its Own Set Of Business

How Does an Employee Get Away With Corruption

It’s a scary thought, but thousands of employees across Australia engage in corrupt activities each year. Of these thousands, only a handful are actually caught in the act, often through a co…

It's a scary thought, but thousands of employees across Australia engage in corrupt activities each year. Of these thousands, only a handful are actually caught in the act, often through a corporate investigation by investigation specialists. After intense corruption management, they are usually dismissed immediately from the company. Some employees are fined, while others face jail time. What about the thousands that aren't caught? How does an employee get away with corruption?  One of the key things that businesses fail to do is prioritize security auditing. With audits, a business is able to identify the strengths and weaknesses in their current system. Too many weaknesses in a business' system create opportunities for corruption. Let's have a look at potential weaknesses that result in employees getting away with corruption.

Very Informative content

Information Security vs. Cybersecurity

More and more the business terms information security and cybersecurity are used interchangeably. The media and recently elected government officials are dumbing down the world of security, specifically the protection of information in all forms. It seems daily, that the major news outlets in all countries are reporting cyberattacks organizations of all types. Social media is constantly buzzing with the latest cyberattack on well known companies or the latest list of hacked emails being circulated to expose someone.

But are information security (infosec) and cybersecurity (cybersec) synonyms? In order to best answer that question, let’s explore what each term means to us today and how they came to be a part of everyday language.

According to the Oxford Dictionaries online the definitions of these terms are very similar with one small exception:

Information security – “The state of being protected against the unauthorized use of information, especially electronic data, or the measures taken to achieve this.”

Cybersecurity – “The state of being protected against the criminal or unauthorized use of electronic data, or the measures taken to achieve this.”

To highlight the small difference between the two definitions, recognize that cybersec (cybersecurity) relates purely to digital or electronic and infosec (information security) relates to any form of information assets, digital or paper. The prefix cyber is defined as relating to or characteristic of the culture of computers, information and communication technology (ICT), and virtual reality. Interestingly, cyber hasn’t always been associated with the digital age.

Read more: full text

https://goo.gl/xAQeS9

The Difference Between Bribery and Corruption

Sometimes people confuse the terms 'bribery' and 'corruption'. Sometimes people mix their definitions around, think they'...

What’s the difference between bribery and corruption?

Six keys to effective risk management

1. It is not just that risk is hard to understand–some risks may be impossible to understand. Your risk management plan has to leave room for the unknown and the unknowable. This is why advice from great traders always includes a reminder to “stay humble” or to avoid hubris. There’s a lot you don’t know in the market, but there’s also a lot you cannot possibly know. And, in markets, what you don’t know certainly can hurt you.

2. Think about the extremes. Understand the most extreme events that have happened in your market, then look backward and out: look at related markets and go back in history. What is most extreme thing that has ever happened, in the entire recorded history of markets, in markets that might be like yours? Once you understand this, realize that more extreme events lie in the future. Ask the questions: What would happen if you had a position on? How bad could it be? Then, assume that your answers, even with a healthy dose of “paranoia” built in, vastly understate the risks.

3. Think about the “middles”: What are the common risks you will face in this market? What happens a few times a year that could be unsettling? How can you prepare for and protect yourself against these events? Many traders only focus on the extreme risks, but a lot of trading accounts die sad deaths from a thousand cuts. Mundane risks add up, and mundane risks can take you out of the game permanently.

4. Your trading strategy is a risk. One of the biggest risks most developing traders face is that they are doing something that simply doesn’t work. To paraphrase Jack Schwager, you can’t make money without having an edge in the market, and if you don’t know what your edge is you don’t have one. How well do you know your strategy and its characteristics, and how sure are you of those numbers? The unexamined life may not be worth living–Socrates was probably right–but the unexamined trading system is certainly not worth trading!

5. You are the biggest risk. Yes, that’s right you. All of your talk of discipline, preparation, planning, all of the hours of screentime, all of the chats with trader friends–all of that isn’t worth much if you are don’t follow through and do the right thing. If you aren’t disciplined every moment of every trading day, you are not a disciplined trader. The market environment is harder than you can imagine, and it will challenge you to the very limits of human endurance. Spend a lot of time thinking about the most critical part of your trading system: you, yourself.

6. Plan for risks outside the market. Everyone, from the institutional scale to the individual trader, will have outside influences challenge their market activities. Institutionally, regulatory changes and developments in market structure can dramatically change the playing field. Your investors will make mistakes–becoming fearful and exuberant at exactly the wrong times. If you’re an individual investor, you will face outside financial stresses, personal issues, health issues, etc. All of these things will have an effect on your trading that is hard to capture in the numbers, but prudent planning will allow you to navigate these challenges.

Six keys to effective risk management was originally published on Adam H Grimes

Interesting read on fraud detection!

Machine Learning and Big Data Know it Wasn’t You Who Just Swiped Your Credit Card

by Jungwoo Ryoo, The Conversation

You’re sitting at home minding your own business when you get a call from your credit card’s fraud detection unit asking if you’ve just made a purchase at a department store in your city. It wasn’t you who bought expensive electronics using your credit card – in fact, it’s been in your pocket all afternoon. So how did the bank know to flag this single purchase as most likely fraudulent?

Keep reading

How Fraud Impacts the Mining Industry

When we talk about business security, the topic covers a wide range of areas. Various forms of security are important for protecting a business. Without security, there are a number of business ris…

Check this article out and see how fraud can have a big impact on mining industry. 

How Fraud Gets Investigated – Global Risk & Investigation Group – Medium

Fraud is a tricky one. Some people engage in fraud without evening knowing it. Others are well-aware. They keep on going in the hopes that…

What is fraud? How is it investigated?

Install Security System That Work Effectively

If you do not wish to spend those extra bucks every month and still have a well protected home, a wireless home security system is exactly what you are looking for. The best part being that, most of these systems are easy to install and program.

However before you commence with this hunt of a perfect home security system, you have to do a little homework. Firstly make sure you know how much and what kind of protection are you looking for. For instance, what suits you better, a single motion detector for an entire window or a glass break detector?

Secondly, do you want to have this security system work while you are still at home, or when you are out someplace or asleep?, An alarm system that keeps a check while you are relaxing in your living room or when you are out for a dinner with friends?

Also, once the alarm system has been setup, you will be fed with information whatever place you are, either from the authorities or neighbors or your monitoring service. This will help you rest easy.

A wireless alarm system involves easy and quick installation, since only a few wires are to be laid and connected to the main system. These systems are comparatively less intricate than hard wired systems. With the reduction in cost and improved reliability, the popularity of alarm security system has gone up to a great extent.

It’s not just your home that can be secured using alarm systems but you work place too. After all, your business too needs to feel safe and protected. So while a security system at home is intended to avert perilous events, an office place requires security systems so as to keep the company secure.

Hence it is very essential to know and value a well monitored system, for it just takes a few seconds to lose it all.

Great post about risk management and assessment.

Risk management services safeguard your businesses and help it to prosper.

Risk management services play a vital role in protecting your organization from all possible risks. Hire imaging expert witnesses to safeguard all your crucial office records and documents.

“If you can pay the fine, do the crime.” It’s appalling but seems to be the motivation for many big corporations in the world.

Understanding that corporations can look at their choice of committing a crime and decide whether to do it or not based simply on money is something that is scary. In many ways, these crimes and laws that are in place to prevent crime from happening can simply be neglected by corporations; they can make so much money that paying the fine for doing it illegally means nothing.