Our research indicates that insurers surveyed recognize the importance of risk analytics for a range of business processes including investment selection, risk selection and pricing, fraud management and loss reserving.
FORBES: Analytics May Help Insurers Confront New Risk Environment
The 500Friends loyalty service is designed to be a one-stop shop for companies to get up and running quickly and includes a package with analytics, fraud management, points redemption, segmentation and personalization.
FORBES: 500Friends Raises $5 Million Series B, Expands E-Commerce Loyalty Service
Since October MOL and Friendster have had a strategic partnership in which MOL agreed to provide a variety of payment services to Friendster users, including a virtual wallet and fraud management services.
Paypal, for example, has a series of Fraud Management Filters that screen payments and sort out transactions that warrant review because of their amount, their origin, or other factors that can be set by a merchant.
FORBES: Anti-Fraud Is Big Opportunity For Google, PayPal, Amazon
The Minister for Social Development Alex Attwood said the team of audit, fraud, management and personnel experts went into NIHE on Monday.
The Counter Fraud and Security Management Service as it's now known, believes it has mapped out patient and medical professional fraud.
Bad judgment and poor management are not fraud, even when they lead to the demise of a once venerable financial institution.
FORBES: Confidential Witnesses Can't Save $100 Billion Wachovia Lawsuit
Less than a month after Robert Maxwell's death, the Serious Fraud Office began investigating the management of the Mirror Group pension fund, and the company's finances.
Tenet 6: The prevalence of secret, sealed settled cases of fraud and wrongdoing in the money management and securities industry is so substantial as to effective undermine the regulatory scheme.
FORBES: Pension Consultant Conflicts of Interests (April 1, 2002 )
More and more, IGs are working with agency management to prevent waste, fraud, and abuse.
However, when it comes to taking the big dollars, senior management was involved in the fraud more often than the staff.
FORBES: Kroll Fraud Report Out - What It Says About Business
But things fell spectacularly apart for Asil Nadir in September 1990 when the Serious Fraud Office (SFO) raided his management offices in Mayfair.
He was never accused of securities fraud or of even being negligent in his management of the company.
FORBES: No Intent, No Problem: SEC, HHS Pursue Strict Liability For Business Executives
One of the world's best museums recently filed suit alleging fraud by a small Dallas firm called Integral Investment Management, along with related parties.
When Carlyle went public last spring, the SEC had to require them to remove a provision that would have made it impossible for shareholders to sue management, even in the case of fraud.
Their innovations range from cloud development tools and Big Data security and analysis applications, to search engines for voice recordings, behavioral biometric solutions for fighting fraud, open source technologies, and personal financial management tools for young people.
FORBES: Hot Tech Teams Pursuing Finance Solutions In London's FinTech Lab
This would be like the FBI including the management of a company being investigated for securities fraud in internal FBI briefings before a decision is even made whether prosecution is warranted.
FORBES: Documents Raise Questions Of FAA Impartiality In Airline Oversight
"It's not going to stop any breaches, but it reduces your risk, " says Raul Vargas, fraud operations manager for Identity Theft 911, an identity-management solutions firm.
Management must understand that the initial detection of a fraud scheme is critical, and that important decisions must be made as to how to proceed, once discovered.
Yet no matter who actually placed the trades, this loss not only reflects poor risk management and weak internal controls but could also reveal fraud if it can be established that trading losses were intentionally hidden, as has been alleged (and is subject to investigation by regulatory authorities).
The management of Keydata is still being investigated by the Serious Fraud Office (SFO).
Senior management of companies were responsible for 21% of the fraud that occurred while junior staff accounted for 28% (a 27% increase over the previous year).
FORBES: Kroll Fraud Report Out - What It Says About Business
Mr. Kapur also repeatedly inflated his firm's assets under management in investor reports and invented a nonexistent management team, the SEC alleged in its civil-fraud suit.
In October the SEC sued Southridge Capital Management and its manager, Hicks, accusing them of committing fraud in valuing portfolio assets, making misrepresentations to investors and misusing investor assets.
FORBES: Billionaire Leon Cooperman Has Cash Stuck In Controversial Hedge Fund
The Bar Council, representing all barristers in England and Wales, believes that poor court management is to blame for the length and cost of long fraud trials, not juries' failure to grasp complex evidence.
Among the civil-fraud suits that have resulted from the initiative is one filed against ThinkStrategy Capital Management LLP, which attracted SEC attention partly because it seemed able to defy stock-market gravity.
The items on this list suggest that there were significant lapses in good management (accompanied by lapses in good regulation), if not outright fraud.
"Lack of controls" and "serious contract management issues" at the INL bureau made it "vulnerable to waste and fraud, " he said.
More than 100, 000 have five or more numbers, and according to consumer risk-management firm ID Analytics, only 15-20% of those cases are related to fraud.
My experience is that the money management industry, including brokers and financial planners, generally experiences a 5%-10% fraud rate.
FORBES: Anatomy of (Yet Another) Hedge Fund Fraud (June 1, 2001)
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