October 2020: Issue Ten

October 2020: Issue Ten

October 2020:

It has been three months since our Pandemic Edition whereby we provided commentary and fraud prevention measures around working remotely. With much of the UK workforce returning back to work, some after a period of furlough, some have even glimpsed a return back to the office before the government’s latest “work from home if you can” restrictions.  It is likely, and quite rightly, that your employer has been busy making sure the workplace environment is COVID-19 Secure.  However, from a security point of view, have security measures been shared? Have you and your employer considered and shared the learning experiences taken from working remotely? Has cyber-security been tightened? Have fraud prevention measures been met when everyone is working apart?

There is a lot to cover. In this issue we share some of the key points that we believe are important considerations learnt during this pandemic.

Are you collecting laptops & devices from furloughed or redundant employees? Are your employees returning to work?

With many of us back to work and even in the office, this is an ideal opportunity  to ensure all company devices and laptops are secure and updated.

A Due Diligence guide for Nomads, Advisors, Brokers & Stakeholders

As business returns, we are pleased to see heightened activity in the financial services sector, including significant fund raising, as well as an increase in mergers and acquisitions. The appropriateness of a company listed on a stock exchange, alternative market or private equity investment, has a crucial role to play in maintaining the quality, reputation and the integrity of the company, the market and, or investment itself.

The ACFE publishes the 2020 Global Fraud Report to the Nations

The Association of Certified Fraud Examiners (“ACFE”) regularly conducts a global fraud study with insightful findings which can help organisations with their fraud risk management.  This year, the ACFE’s 2020 Report to the Nations on Occupational Fraud and Abuse provided analysis of 2,540 cases of occupational fraud that were investigated by Certified Fraud Examiners, between January 2018 and September 2019.

COVID-19 Fraud Trends and Cyber Threats

History tells us where there is fear, anxiety and vulnerability, there is exploitation. Fraudsters thrive on vulnerability, human curiosity and error. Which is why we need to remain as vigilant as ever and why TenIntelligence has adopted a recent campaign to help spread awareness of just some of the emerging fraud trends and cyber enabled crimes arising during this time. In this edition, we look at CEO Fraud and Mandate Fraud.

TenIntelligence’s Anti-counterfeiting Team in Partnership with Dubai Customs

Throughout the month of June 2020, a time in which there were lockdown restrictions across the UAE, our Dubai team continued to provide pro-active online training to Dubai Customs authorities on the identification of counterfeit goods.

Top Ten updates you may have missed

Over the last 4 months, there have been some major legislation changes and guidance from partners in the cyber-security, data protection and fraud investigations industry. Here are our top ten…

Advisory Board Column, Colin Culleton reports…

Our Advisory Board member, Colin Culleton asks a hypothetical question whereby your organisation has suffered a substantial fraud, loss of goods or cash. What do you do?