Weekly Blog 4 - Know your enemy

Fraud will always be a threat an organisation faces, whether it be internally or externally. It is imperative measures are put in place to mitigate the risk of fraud and one method of detection is to have an understanding of what pressures a fraudster in committing a crime.

Identifying the drivers of fraud; opportunity, motivation and rationale, explains why a person commits fraud and in return helps come up with measures design to minimise fraud (KPMG, 2013). With the ever changing environment of technology, opportunities for fraud are steadily increase, prominent type of fraud now a days is cybercrime, ranging from malicious software, ransomware and stealing/tampering data. As a result, organisations are quick to adapt by understanding how it occurs and responding quickly through the policies and procedures of an IT governance framework.

There are hackers all over the internet and after researching about what they can do, it made me realised that my computer and even my mobile phone is not properly protected. Now I have anti virus and malware protection software, monthly back ups, weekly scans and cleanups, to some people this might be overkill but I would rather not have my various accounts hacked like my banking details, gmail etc.

References

KPMG (2013). Global profiles of the fraudster. Retrieved 9 April, 2015 from
http://www.kpmg.com/AU/en/IssuesAndInsights/ArticlesPublications/Documents/fraudster-global-profiles.pdf