Investment is one of the ways for individuals or companies to grow their businesses. However, every investment carries risk of loss, including the fraud factor. There is no such thing that we call flawless investment. Quoting from an English poet Francis Quarles "Let the fear of danger be a spur to...
As the growing popularity of the digital currency (cryptocurrency) and the Initial Coin Offering (ICO), more and more companies are offering attractive investments. Although seasoned investor such as Warren Buffet has given a warning of the risk of digital currency 'bubble' and in March this year Bank Indonesia (BI) has...
With a population of 265 million, Indonesia is an attractive market potential for the e-commerce industry. However, like other industries, e-commerce does not escape the risk of fraud. Although e-commerce applies advanced technology, the perpetrators always thrive to seek opportunities by committing fraud in order to get a profit. The followings...
A wide distribution of counterfeit goods is no longer a secret in Indonesia. With a population of up to 265 million, Indonesia has become a lucrative market for various businesses, including counterfeit goods. If in the past the counterfeit can only be found in traditional markets, now you can easily...
The world of the workforce has experienced a significant change along with the increase of freelancers as the internet technology provides flexibility in terms of time and space. According to Sribu Corner, those who choose to work as freelancers are 47% for a flexible time. They can manage the time and...
China's giant e-Commerce, Alibaba is taking a more serious step in combating the distribution of counterfeit branded products on its platform. last year formed the Alibaba Big Data Anti-Counterfeiting Alliance, then in the middle of this year, Alibaba invested in Smartrac Technology Group. Smartrac is one of the leading vendors of...
The more sophisticated the efforts to counterfeit goods, the more sophisticated the way to counter the circulation of the goods. We can detect the authenticity of an item via smartphone after IBM Research reveals an application called IBM Crypto Anchor Verifier. This application combines artificial intelligence (AI) with optical imaging...
The downstream gas and oil (Bahan bakar minyak/BBM) sector have always faced fraud in various modes. One of the most frequently encountered frauds is fuel dose fraud at the gas station (Stasiun pengisian bahan bakar umum/SPBU). There was a case at the beginning of this year where the managers of two gas stations in the Tangerang...
Internal investigation is an important part of handling certain problems that cannot be resolved informally in the company. Incomplete or flawed investigations can cause employees or certain parties to be vulnerable to unfair claims or have an impact on the financial loss and reputation of the company. Like IBM experienced in...
e-Commerce fraud is increasingly rampant as technology advances and the high speed of fraudsters adapting to various cybersecurity measures. The study by Forter said Indonesia was the riskiest country related to e-Commerce. As happened to large e-Commerce, Lazada when "Harbolnas" event on December 2017. The sellers install fictitious discounts to lure...
