Long before the digital era, candidates’ resumes became the essential source of information for companies before selecting the fit and proper candidate. Now companies can retrieve more potential details from social media platforms. Serving like ‘data bank’, social media networks contain information, which is most probably not written in resumes. Thus,...
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 Kroll and the Economic Intelligence Unit in 2011 found that 60% of the frauds were committed by senior managers, junior employees or...
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 by senior managers, junior officers or third parties. To prevent this, it is important for companies to take...
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 existed before. How does the implementation of big data works? The following are the three key models of big data implementation in helping insurance companies prevent...
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, insurance fraud is also a world problem that costs insurance companies up to millions of dollars. Along with the advancement of...
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 resources, including limited human resources. Since startups generally do not have an HR Department or an individual, who has expertise...
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. Financial crime becomes major threat for financial institutions. Cybersecurity Ventures predicts that cyber-crime will cost the world $6 trillion annually by 2021 from $3...
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 in extinction. More and more financial institutions are adopting FinTech, the higher demand for system designed to combat financial fraud. This...
More and more financial institutions, including banks, are migrating to digital by adopting financial technology (FinTech), the more complex the challenges and risks to be faced. Ranging from rapid technological innovation, fighting cyber crime and complying with prevailing regulations, forcing banks to be more mobile, agile and flexible than ever. According...
Based on research by Glassdoor, the position of salesperson or professional salespeople is one of popular positions in a company. However, sales department also has a high turnover rate due to target pressure, power shortages and other factors. While we realize that sales department is vanguard of the company, the annual...
