1211 Mis Training, Cape Town
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Transcript of 1211 Mis Training, Cape Town
Cyber Fraud, Vendors & Third Party Infiltration into
Organisations
Jenny Reid7th Annual Audit, Risk & Governance Africa
DECEMBER 2012
47% companies conduct employee screening
18% growth in past 2 years
EMPLOYEE SCREENING •6% = criminal record•20% = bad credit report•13% = invalid drivers license•14% = fraudulent school leaving qualifications•22% = fraudulent tertiary qualifications
18% of corporate security incidents on company property conducted by employees
ASIS International Security Director survey (February 2012)
But ……
.
Collusion
Vendor Fraud
Procurement verification procedures
•Fraudulent documents submitted with tenders.•Close relationships with suppliers and staff.•Fraudulent addresses
0102030405060708090
10096
7361
3557
70
4
2739
6543
30
YES (%)NO (%)
IFACTS VENDOR FRAUD SURVEYJuly 2012
Existing employees
Past employees
Outsourced / temporary employees
Key personnel in
suppliers
Potentials employees
FraudPreventionDatabase
Executive
Security /
Loss Control
HR Procurement