http://www.darkreading.com/insiderthreat/security/client/showArticle.jhtml?articleID=228000516 By Robert Lemos Contributing Writer DarkReading Nov 01, 2010 IT managers spend a lot of their time dealing with malicious code and violations of corporate policy, but insider fraud in the workplace is a major problem that frequently shows up on their radar screen, as well. In 2009, the average company lost nearly 5 percent of its revenue to fraud perpetrated by employees, according to the 2010 Report to the Nations on Occupational Fraud and Abuse (PDF). Asset fraud -- stealing company resources -- represented 90 percent of the incidents, but only averaged $135,000 in losses per company. On the other hand, financial fraud makes up only 5 percent of all cases of corporate fraud, but it is the most damaging, with a median loss of more than $4 million, according to the report, which is published every two years by the Association of Certified Fraud Examiners (ACFE). Employees can be tempted by their privileged access to data, says Ben Knieff, director of product marketing for fraud products at Actimize. "They have a high level of access, which gives them a greater opportunity to commit fraud," he says. The report found that 85 percent of fraud was committed by individuals with no prior records of abuse. Even so, there are a number of proactive steps that companies can take. [...] ___________________________________________________________ Tegatai Managed Colocation: Four Provider Blended Tier-1 Bandwidth, Fortinet Universal Threat Management, Natural Disaster Avoidance, Always-On Power Delivery Network, Cisco Switches, SAS 70 Type II Datacenter. Find peace of mind, Defend your Critical Infrastructure. http://www.tegataiphoenix.com/Received on Mon Nov 01 2010 - 22:03:51 PDT
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