What’s The Difference Between Bribery And Corruption?

How best you can use corporate investigations in Australia?

It is prove that corporate investigations are some of most trusted and highly reliable processes usually taken in the good use by the Australian corporate houses for numerous routine purposes and vital operations. It is because, these are vital investigation processes which can be utilized to get the improvement to have higher standard of your corporate operations and bring the reforms to upgrade the efficiency and effectiveness of every activity taken up to achieve the ultimate goal of getting good output and higher productivity.

In the present circumstance, you can get the best protection from majority of risks and threats by taking the good use of corporate investigations in Australia.  So only, business organizations preferred using Australia corporate investigation services to have the safe and secured environment and best corporate functions.             

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

“If you can pay the fine, do the crime.” It’s appalling but seems to be the motivation for many big corporations in the world.

Understanding that corporations can look at their choice of committing a crime and decide whether to do it or not based simply on money is something that is scary. In many ways, these crimes and laws that are in place to prevent crime from happening can simply be neglected by corporations; they can make so much money that paying the fine for doing it illegally means nothing. 

How Fraud Impacts the Mining Industry

When we talk about business security, the topic covers a wide range of areas. Various forms of security are important for protecting a business. Without security, there are a number of business ris…

Check this article out and see how fraud can have a big impact on mining industry. 

Is there corruption in your workplace? Here’s what you can do about it!

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.

Read more: full text

https://goo.gl/xAQeS9

Why You Need To Protect Your Business

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At the click of your fingers, your business could be in complete turmoil if you don't protect it. The best way to protect your business is to hire investigation specialists.

Interesting read on fraud detection!

Machine Learning and Big Data Know it Wasn’t You Who Just Swiped Your Credit Card

by Jungwoo Ryoo, The Conversation

You’re sitting at home minding your own business when you get a call from your credit card’s fraud detection unit asking if you’ve just made a purchase at a department store in your city. It wasn’t you who bought expensive electronics using your credit card – in fact, it’s been in your pocket all afternoon. So how did the bank know to flag this single purchase as most likely fraudulent?

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