The Threat of Fraud in the Organization Assignment

The Threat of Fraud in the Organization - Assignment Example Crooks have been getting ever smarter and now target executives of small to medium enterprises where for instance fictitious orders for goods or credit lines are initiated and the goods are shipped to a third party. This causes considerable losses to companies and executives. Identity theft can be managed by ensuring stronger internal control and monitoring systems such as using the RCSA, encrypting sensitive data, and obtaining insurance for the executives. A workshop organized to sensitize executives on fraud would include a participatory and self-assessment session to monitor uptake of information by attendants. Literature 1. The answer to question 1 (a and b); How would you protect corporate executives of fraudulent acts against them? Identity theft refers to the act of stealing or gaining another person’s identifying and personal information such as a social security number or credit card numbers by unauthorized means and using or having the intention to use the informati on fraudulently (van der Meulen, 2011). The first step in protecting executives would be to get insurance in the director and officer insurance form to cover against loss of wealth and associated assets. An executives' signature can, for example, be used to fraudulently get a binding agreement with the company, which would be detrimental to the company such as using the executive’s identity to access credit lines, which are not approved. The company would need to ensure it and its and executives are under the 'Merchant Risk Council' which is a group of over 7 800 merchants, financial institutions, law enforcement agencies and vendors who work together to enhance cyber frauds, for example, financial institutions would have to call the company before processing a credit card application. Of course, improving cybersecurity at the business would be a viable step. Cybercrime occurs when three principal factors are present; opportunity, rationalization, and pressure as the fraud tr iangle shows. Financial pressure Opportunity Rationalization                                                                                                         Financial The pressures to steal ID's are primarily financial or hobby and the fraudsters never share their problems or intentions to solve them, especially through fraud. Rationalization is the act of someone justifying their fraudulent behavior and reconciling themselves with it so that they commit it without feelings of guilt. Opportunity refers to the capability to steal identities or commit fraud and crooks do their best to cover their tracks. Opportunity is the result of weak control systems in the company and is the one area where most business entities are most vulnerable since while they take steps to minimize fraud, crooks devise ever sophisticated methods to go around the security systems (Singleton & Singleton, 2010). A lot of focus would b e directed to minimizing the opportunity for ID theft by having firewalls and current anti-spyware in addition to installing anti-malware and ant viruses in the computer systems and networks at the company.  

Food Memoir Essay Example | Topics and Well Written Essays - 1000 words

Food Memoir - Essay Example My grandmother made sure that all of us were present for dinner together. Today we cherish those moments and value the tradition as we realize that food holds the family together. I have always seen my mother do the shopping and as I grew up I used to accompany her to the malls. I used to be amazed at the way she knew exactly what was required for the kitchen and in what quantities! She took care of the personal food habits of all of us in the family and till date I admire this quality in her. If only a few things were required, she would buy them from the street vendor occasionally. As children, we were expected to go to bed early but we were given the privilege of sitting down together for dinner. Ours was a closely knit family and my parents and grandmother used to have an early meal with us. After we went to bed, they lazed around over coffee and clearing the table. Meals were always sat at the dinner table and never in front of the television. Today when I see the distractions that the television causes, I realize and value the teachings and the discipline during food. We learned to value food, we learned to taste food and we learned to enjoy food. Food eaten while watching a television show is merely â€Å"eaten† and not enjoyed. We enjoyed food and the food time. We were taught the table etiquettes which included saying the prayers before starting the meal. We also waited for our grandmother to start first and then we followed. We were not allowed to talk while munching on food and once I remember, when I was just about three years old, I made a gurgling noise as the soup was too hot! My mom immediately corrected me and said this was indecent. What I liked about my family was that we were never scolded but given reasons for doing or not doing something. That made it easier to remember it the next time and we seldom repeated it. At the end of the meal we again said a thanksgiving prayer. Oh, and we had to