There is always a lesson learned behind every fraud case, including a case that was handled by Prabhat Kumar, an investigator, and forensic accountant with 18 years of experience. Written in a book titled Internet Fraud Case Book, the case is a story about an employee of a construction company...
The culture of sharing drives the internet to become a treasure trove of publicly available information. From how to patch footwear, find food recipes, how to create knick-knacks, order transport, and update the latest news, to locate someone, we are sharing information online - even our personal information - more...
Fraud does not discriminate. Organizations of all types, sizes, and location have always faced fraud. According to a report published by ACFE 2018, private companies in Asia-Pacific suffered the most considerable median loss at USD 310,000 because of occupational fraud. In the report, it was also found that while the smallest...
According to the Central Bureau of Statistics (Badan Pusat Statistik/BPS), in 2018, the total population in Indonesia is around 260 million with a relatively high unemployment rate. High unemployment is caused by many factors, one of which is the problem of candidate competency, which is below the company's minimum requirements. Therefore,...
According to the 2015 Global Financial Integrity report, the average annual flow of illicit funds out of Indonesia reached 18.071 million US dollars or around 240 trillion rupiahs during 2004-2013. In order to tackle the issue, Indonesia’s government is committed to preventing and eradicating money laundering and terrorism financing by...
Educational background, professional certificate, and identity card checks are the most basic checks that should be performed before a company makes the decision to employ a selected candidate. Based on our experiences in providing employment background screening services since 2008, we find that fake academic certificates are rampant. Bachelor's diplomas are...
Many organizations or companies have seen whistleblowing as a very effective tool in preventing fraud. The 2018?ACFE Report to the Nations on Occupational Fraud and Abuse found that tip is the most common initial detection method with 46% of all fraud cases being detected. However, having a whistleblowing system on board...
Gig economy has been born as a result of technological advancements. Temporary work or freelance work done by millennials is the main characteristic in gig economy - which is sometimes referred to sharing economy. Ride-hailing (e.g Grab, GoJek), house-renting (e.g Airbnb, 99acres.com), freelance (social media influencer, freelance writer, freelance designer,...
