Pack a suitcase, fly out west, meet with investors – it’s the trip so many young and upcoming founders with sights on Silicon Valley long for. To start the next Apple, Facebook or Google is something they’ve dreamt of for much of their lives. But for all its opportunities and bright lights, Silicon Valley has … Continue reading Fraud In Silicon Valley: Why Startup Founders Lie, Cheat & Steal
What if we could predict a crime and stop it before it happened? It seems like a purely utopian concept. Movies have been made about it (ie. Minority Report), and many of us wish that we could time travel to see what the future holds. For corporations who would like to prevent fraud, there’s a … Continue reading Prevention Over Cure: How Predictive Analytics Keeps Businesses Secure
In the corporate world, some crimes such as Ponzi schemes may expose themselves over time. Others, such as bribery, can stay hidden for several years. That’s why people in high places, as well as the general public, may just accept corporate bribery as a dark practice that almost no one can get rid of. But … Continue reading Why Fighting Corporate Bribery Seems Like a Losing Battle
It’s hard to believe that almost a decade has passed since Bernie Madoff was caught operating his now-infamous Ponzi scheme. But it’s a scandal that few of us will ever forget. Madoff conned his investors out of $65 billion over several years, making it the largest fraud scheme in U.S. history. He was eventually sentenced … Continue reading How Data Analytics Could Have Stopped a Fraudster Like Bernie Madoff?
A knock-off fashion or electronic brand, in the grand scheme of things, isn’t a major issue. It’s more or less frustrating for an unsuspecting buyer. But counterfeit products can have serious implications for business sales and can pose a threat to consumers’ health depending on the type of product sold. There’s now a movement where … Continue reading How Data Analytics Can Help Businesses Fight Counterfeit Product Sales
No one would give a burglar a key to their home. The same can be said of a hacker – no one would give them an online bank password, and no one would give an impersonator a piece of I.D. But major businesses grant access to criminals all the time, in a figurative sense of … Continue reading Do Scandals & Fraud Come From Poor Culture?
By now you know that “data” is an abstract and broad term that can refer to anything. The same goes for obtaining that data. There are thousands of ways to uncover information, and data analysts and scientists are finding more methods to accomplish these goals. But one of the oldest and most reliable methods out … Continue reading Statistical Sampling: A Quick Look At What It Entails & Its Benefits For Business
The topic of money laundering probably isn’t an icebreaker at a social event but it is an elephant in the boardroom. It can’t be ignored. Whether you want to dwell on it or not, it’s important to know about the impacts money laundering has on business. With that said, it’s worth examining some of the … Continue reading 5 Shocking Money Laundering Stats & Facts To Remember
The concept of “money laundering” came to life sometime in the 1930s, by means of organized crime and mafia groups who used it to cover illegal businesses. It wasn’t until the 1960s when the term became a more “household” name adopted by the law. More importantly, tracking money laundering has always proved challenging, especially in … Continue reading Can You Find & Fight Money Laundering With Data Analytics Tools?
An article published by the financial times opened with a startlingly precise line: “Money laundering is rapidly becoming America’s favourite elite crime.” It seems true. There are numerous reports and studies out there to suggest that money laundering is on the rise. From the infamous Enron scandal of the early 2000s to the more recent … Continue reading 5 Money Laundering Scandals To Know About And Their Controversies