Unknown to many companies, Reverse Directorship is among the most important checks that must be conducted prior to finalizing a hiring decision. This check is highly imperative, especially when recruiting for a high-level position. When hiring a new director or other senior-level positions, we need to know that the candidates...
Blockchain technology has recently gained market traction as one of the most exciting technological developments. Basically, blockchain is a digital ledger where the stored data are encrypted, distributed, and synchronized to all computers that are interconnected in the network. Only interconnected users have control over the data. With this system,...
Fraud always follows the money. Flooded with millions or billions of dollars from investors, startups are often vulnerable to fraud. This happened to Mexican unicorn, Yogome, a startup engaging in technology education (EdTech). One of its founders, Manolo Diaz, was suspected of committing fraud by manipulating company information to gain...
Grab, the ride-hailing application which becomes the first 'decacorn' in Southeast Asia is aggressively fighting fraud that often causes losses to its company and partners. By launching the detection technology Grab Defence, Grab can catch and prevent the occurrences of fraudulent actions such as fake GPS, fake applications, and fake...
In April, Indonesia will be conducting an election to choose its new president and vice president to hold public office in the next five years. During this political event, some people are willing to falsify their ID cards for political interest. Some may produce a few IDs under one citizen...
As China is home to almost 19% of the world's population, no wonder it is a prospective target market for businesses worldwide. Behind the huge market potential, China is also well-known as a source of 70% of the world’s counterfeit goods and many US companies claim up to 250 billion...
The extensive distribution of counterfeit drugs is a threat to public health and the security of the global economy. Counterfeit drugs may contain wrong concoctions, dangerous active substances, or even do not contain any active substance at all (so that they do not provide a treatment effect for patients that...
Indonesia Corruption Watch (ICW) revealed that procurement fraud during 2017 had cost Indonesia Rp 1.02 trillion. Procurement fraud refers to any violation of the procurement process which can be happened in public or private organizations. Fraud in procurement cycle is too common to happen and is not easy to detect, prove...
The case of match-fixing has been the spotlight in various media in recent months after Bambang Suryo, a person who was involved in the practice revealed the scandal to the public. The dirty practice is alleged to be one of the root causes of Indonesian soccer’s stunted achievement. Criticisms were...
