In mid-2017, the world was struck by the leaking of financial documents called Paradise Papers that revealed the secret investments of rich people around the world, including rich people in [...]
Digitalization touches almost every aspect of life, even money does not escape the digitization. Lately, we often hear and read in the media hubbub the terms bitcoin, blockchain, and [...]
Based on PricewaterhouseCoopers’ Global Economic Crime Survey report in 2007, the average total financial loss per company due to fraud was USD 3.2 million. Meanwhile, Global Fraud Survey by [...]
In general, fraud and theft in companies are conducted by internal parties. Based on the Global Fraud Survey by Kroll and the Economic Intelligence Unit, in 2011, 60% of the frauds were committed [...]
Ponzi scheme, an investment scheme born in 1920, is always consistent with the goal of making money quickly. However, the offered scheme harms its investors. This scheme is taken from the name of [...]
Big data analytics brings about revolutionary changes for businesses, one of them is in the fraud detection area. Big data helps businesses by providing fraud detection insight that has never [...]
Employees are valuable assets of companies of any size, especially for startups. As startup companies are still in their early stages, they need to race against time to grow with limited [...]
The global insurance industry is the world’s largest business sector with an annual turnover of US$ 4.6 trillion and an asset portfolio of US$ 25 trillion based on Berkeley Lab data. However, [...]
The development of digital technology brings both advantages and threats. As more and more businesses become digitally connected, there are increasing reports of cyber security risks worldwide. [...]
The endless wave of financial technology (FinTech) inevitably will change the system of financial institurions on a global scale. Financial institutions have only two choices: adopt FinTech or be [...]
