Interesting Read On Fraud Detection!

What To Do When You Suspect Fraud or Corruption

Nobody wants to deal with fraud or corruption in the workplace. It’s illegal, it’s damaging and it’s frankly embarrassing. If you’re knowingly involved in fraud or corruptio…

What do you do if you suspect fraud or corruption in your workplace?

Four Things to Know About Security Audits

Security audits vary depending on the situation and the type of organisation. Some audits are undertaken on computer systems to test the level of defence against hackers. Other audits are physica…

What do you know about security audits?

Why is corporate security so important? – Global Risk & Investigation Group – Medium

In the Big Brother world we now find ourselves living in, companies cannot afford to be complacent when it comes to managing business…

In the Big Brother world we now find ourselves living in, companies cannot afford to be complacent when it comes to managing business security and protecting people’s right to privacy where data is concerned. Organisations need to ensure they have conducted a thorough security assessment of their practices and processes and know they are adequately protecting a business’ employees, physical property, and information systems.

Five Ways to Identify Corruption – Global Risk & Investigation Group – Medium

A corruption investigation is a sensitive topic. You may have heard about corruption on the daily bulletin but never been a victim.

How can we identify corruption?

Different Types Of Security Assessment

Hackers nowadays are becoming more and more sophisticated. They hit you big time and they do it at the most unexpected timing. Every company utilizes the information technology, it makes the task easier and faster, however without maximum security assessment, your company’s operation is at risk. The good thing is that there is something that you can do about it. You can act now before it’s too late. You don’t need to risk your business reputation or even lose confidential information from illegal hackers. This is called the security assessment. This method involves exceptionally talented IT personnel. They are known as ethical hackers. Unlike illegal hackers, these people have licenses. They underwent strict security screening held by an international association. But similar to illegal hackers, they think and perform their tasks like them. By doing so, they can determine the loopholes of your system. They identify the vulnerabilities of your IT system. This will help you strengthen its security to prevent any other penetration from illegal hackers. Types of Security assessment • Security Scanning With this method, your operating system applications and networks will be scanned and verified. With this method the weakness in this part of your system will be inspected.                     

• Vulnerability scanning With this method, all known vulnerabilities from your system will be scanned. These involve weaknesses that have been discovered, but not the ones that have not been discovered yet. • Risk Assessment Risk assessment is a technique used to analyze and decide the risks based upon the probability of information loss that may occur in your system. This is performed through questioning, discussion and analysis, to come up with a back up plan to exclude all the risks possible. • Penetration testing A penetration test is a type of security assessment wherein the auditor will try to forcibly access your network under investigation. They may use one strategy or combinations of strategies to try and penetrate your system. With this procedure, you will know the loopholes that you’ve kept open. • Ethical Hacking This procedure is the best security testing there is, because an ethical hacker will forcibly hack your system and all other applications using an external element. It involves network penetration test over a wide network. This combines almost all of the above mentioned methods, to help you identify where your system is vulnerable. So that you can construct a back up plan, if your system is hacked as well as develop a new security strategy to avoid any points of attack.

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4 Ways Your Business Information Can Be Seized

You may have received an email at some point from a large organisation alerting you of a security incident. Whether it concerns your perso...

How can you protect your business information, checked this out!

Six keys to effective risk management

1. It is not just that risk is hard to understand–some risks may be impossible to understand. Your risk management plan has to leave room for the unknown and the unknowable. This is why advice from great traders always includes a reminder to “stay humble” or to avoid hubris. There’s a lot you don’t know in the market, but there’s also a lot you cannot possibly know. And, in markets, what you don’t know certainly can hurt you.

2. Think about the extremes. Understand the most extreme events that have happened in your market, then look backward and out: look at related markets and go back in history. What is most extreme thing that has ever happened, in the entire recorded history of markets, in markets that might be like yours? Once you understand this, realize that more extreme events lie in the future. Ask the questions: What would happen if you had a position on? How bad could it be? Then, assume that your answers, even with a healthy dose of “paranoia” built in, vastly understate the risks.

3. Think about the “middles”: What are the common risks you will face in this market? What happens a few times a year that could be unsettling? How can you prepare for and protect yourself against these events? Many traders only focus on the extreme risks, but a lot of trading accounts die sad deaths from a thousand cuts. Mundane risks add up, and mundane risks can take you out of the game permanently.

4. Your trading strategy is a risk. One of the biggest risks most developing traders face is that they are doing something that simply doesn’t work. To paraphrase Jack Schwager, you can’t make money without having an edge in the market, and if you don’t know what your edge is you don’t have one. How well do you know your strategy and its characteristics, and how sure are you of those numbers? The unexamined life may not be worth living–Socrates was probably right–but the unexamined trading system is certainly not worth trading!

5. You are the biggest risk. Yes, that’s right you. All of your talk of discipline, preparation, planning, all of the hours of screentime, all of the chats with trader friends–all of that isn’t worth much if you are don’t follow through and do the right thing. If you aren’t disciplined every moment of every trading day, you are not a disciplined trader. The market environment is harder than you can imagine, and it will challenge you to the very limits of human endurance. Spend a lot of time thinking about the most critical part of your trading system: you, yourself.

6. Plan for risks outside the market. Everyone, from the institutional scale to the individual trader, will have outside influences challenge their market activities. Institutionally, regulatory changes and developments in market structure can dramatically change the playing field. Your investors will make mistakes–becoming fearful and exuberant at exactly the wrong times. If you’re an individual investor, you will face outside financial stresses, personal issues, health issues, etc. All of these things will have an effect on your trading that is hard to capture in the numbers, but prudent planning will allow you to navigate these challenges.

Six keys to effective risk management was originally published on Adam H Grimes

How a Corruption Investigation Works – Global Risk & Investigation Group – Medium

Sometimes a corruption investigation can seem a bit foreign, like something you see on television. Corruption is one of the most difficult…

Want to know how a corruption investigation works? Check this article out!

Very Informative content

Information Security vs. Cybersecurity

More and more the business terms information security and cybersecurity are used interchangeably. The media and recently elected government officials are dumbing down the world of security, specifically the protection of information in all forms. It seems daily, that the major news outlets in all countries are reporting cyberattacks organizations of all types. Social media is constantly buzzing with the latest cyberattack on well known companies or the latest list of hacked emails being circulated to expose someone.

But are information security (infosec) and cybersecurity (cybersec) synonyms? In order to best answer that question, let’s explore what each term means to us today and how they came to be a part of everyday language.

According to the Oxford Dictionaries online the definitions of these terms are very similar with one small exception:

Information security – “The state of being protected against the unauthorized use of information, especially electronic data, or the measures taken to achieve this.”

Cybersecurity – “The state of being protected against the criminal or unauthorized use of electronic data, or the measures taken to achieve this.”

To highlight the small difference between the two definitions, recognize that cybersec (cybersecurity) relates purely to digital or electronic and infosec (information security) relates to any form of information assets, digital or paper. The prefix cyber is defined as relating to or characteristic of the culture of computers, information and communication technology (ICT), and virtual reality. Interestingly, cyber hasn’t always been associated with the digital age.

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