An Approach to Managing Identity Fraud

2009 ◽  
pp. 233-248
Author(s):  
Rodger Jamieson ◽  
Stephen Smith ◽  
Greg Stephens ◽  
Donald Winchester
Keyword(s):  
Risk Management ◽  
Cyber Security ◽  
Enterprise Management ◽  
Identity Fraud ◽  
Organizational Policies ◽  
Security Breaches ◽  
Fraud Risk ◽  
Analysis And Synthesis ◽  
Model Components ◽  
Fraud Risk Management

This chapter outlines components of a strategy for government and a conceptual identity fraud enterprise management framework for organizations to manage identity crime occurring via cyberspace. Identity crime, related cybercrimes and information systems security breaches are insidious motivators for governments and organizations to protect and secure their systems, databases and other assets against intrusion and loss. Managing identity crime is a critical step in cyber security and global information assurance. Strategy components and conceptual model elements are constructed through analysis and synthesis of models from academic literature, and reports by industry and government professionals. A comprehensive government strategy with a legislative component reinforces organizational policies to combat identity crimes. Model components used to develop our identity fraud organizational framework were selected from cost of identity fraud, identity risk management, identity fraud profiling, and fraud risk management literature. Our framework is organized into anticipatory, reactionary and remediation phases.

scholarly journals An Effective Model for Fraud Risk Management in Mitigating Telecommunication Fraud Incidences

2021 ◽  
Vol 8 (2) ◽  
pp. 112-116
Author(s):  
Nazatul Shima Abdul Rani ◽  
K. Sarojani Krishnan ◽  
Khairul Azizan Suda ◽  
Chahhoub Fatimazahra
Keyword(s):  
Risk Management ◽  
Cyber Security ◽  
Denial Of Service ◽  
Cyber Attacks ◽  
Malicious Code ◽  
Security Measures ◽  
Fraud Risk ◽  
Cyber Harassment ◽  
Internet Users ◽  
Fraud Risk Management

In the context of Malaysia, the most common types of cyber attacks are denial of service, intrusion attempts, spam, vulnerability report, fraud, malicious code, and content-related attacks as reported by Cyber Security Malaysia. However, since 2011,  cyber attacks such as intrusion attempts, denial of service and spam are decreasing steadily as a result of security measures that have been taken by companies or internet users. Nevertheless,  cyber attacks which are steadily increasing are cyber harassment, intrusion and fraud. Approximately 5,328 fraud incidences were reported in 2011 while in 2020, the number of cases rose to 7,593 cases. Out of these cyber attacks in Malaysia, the most proliferating ones have been identified as fraud incidences. Thus, it is highly needed to come up with and propose the best fraud risk management strategy to handle fraud incidences among internet users and internet providers through the utilization of business intelligence tools, and quality enhancement via quality systems in place, quality information, and quality users. With these tools in hand, it is hoped that the proposed model will serve as a framework to mitigate and/or prevent the occurrence of fraud incidences.

Fraud risk management: A small business perspective

2016 ◽  
Vol 59 (1) ◽  
pp. 13-18 ◽  
Author(s):  
Megan F. Hess ◽  
James H. Cottrell
Keyword(s):  
Risk Management ◽  
Small Business ◽  
Fraud Risk ◽  
Business Perspective ◽  
Fraud Risk Management

scholarly journals Fraud risk management in private healthcare in South Africa

2015 ◽  
Vol 13 (1) ◽  
pp. 868-878
Author(s):  
Gerhard Philip Maree Grebe
Keyword(s):  
Risk Management ◽  
South African ◽  
Management Practices ◽  
Primary Data ◽  
Healthcare Industry ◽  
The South ◽  
Private Hospitals ◽  
Fraud Risk ◽  
Fraud Risk Management ◽  
Management Staff

Worldwide, the healthcare industry aims to provide better health for all. However, fraud risk has become a threat to industries and organisations, including the healthcare industry. In the South African healthcare industry, it has been found that losses due to fraud risk amounted up to R8 billion per year. The purpose of this article was to explore the management of fraud risk within the South African private hospital industry and how this is managed. Primary data was collected by means of a survey, which involved management staff at head office level and at hospital level. The findings suggest that South African private hospitals could improve their current fraud risk management practices. By implementing the recommendations provided by the study, private hospitals will be able to manage fraud risk more effectively.

scholarly journals Whistleblowing as a Mechanism of Fraud Risk Management in Economic Practice

e-Finanse ◽  
2020 ◽  
Vol 16 (3) ◽  
pp. 96-105
Author(s):  
Agnieszka Skoczylas-Tworek
Keyword(s):  
Risk Management ◽  
Organizational Culture ◽  
Stock Exchange ◽  
External Factors ◽  
Personal Security ◽  
Fraud Risk ◽  
Economic Practice ◽  
Important Barrier ◽  
Fraud Risk Management ◽  
Internal And External Factors

Abstract The phenomenon of fraud and abuse remains relevant, as evidenced not only by studies published in this area, but also by the measures taken by economic operators to reduce it. Whistleblowing is an increasingly common tool for detecting fraudulent activities. It involves informing the organization’s management or external entities of any ethically, fraudulently or corruptly motivated irregularities. The level of interest in whistleblowing among Polish market entities is relatively low, mainly due to the lack of appropriate organizational culture, which is influenced by both internal and external factors within which the company operates. An important barrier in the implementation of whistleblowing in economic structures are both the ethical and sociological aspects and the low level of trust of potential whistleblowers towards their personal security for disclosing information about the signs of a prohibited act. Therefore, this tool is not very popular due to the lack of safeguards under national law, as well as internal regulations of entities using it. The aim of the publication is to verify the extent to which the whistleblowing tool is used to counteract the risk of abuse by economic entities listed on the Polish Stock Exchange, covered by the WIG 30 Index.

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