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sandy ingram

Special agent to National Insurance Crime Bureau: "anecdotally the economic recession i... - 0 views

www.claimsjournal.com/...99413.htm

Fraud Insurance Recession FBI Economics

shared by sandy ingram on 09 Apr 09 - Cached
  • the FBI is aligning a lot more investigators to look into actual economic fraud investigations versus insurance fraud investigations.
  • "Fraud bureaus are telling us this, we're hearing it from the state fire marshals, and we're hearing about it anecdotally through news stories. It's clear that as the economy has gone down, the opportunity to commit fraud, to recover monies they think they need, has increased."
  • And with anywhere from $80 billion to $200 billion lost to fraud each year, affecting all lines of the insurance business — health, property, casualty, life and disability — it's no wonder that states are concerned with combating it.
  • ...1 more annotation...
  • NICB has seen a "pretty significant' trend in medical identity theft and provider fraud, according to McKee. This is when someone steals a person's identity, and medical and insurance information, then submits fraudulent bills to the insurance company for treatment the person did not receive. The check goes back to the fraudulent company, and the person is unaware that his or her identity was stolen or is being used for fraud, he explained.
  • sandy ingram on 09 Apr 09
     
    Does a bad economy increase crime? Analysts have debated that question for years, according to Mike McKee, senior special agent for the National Insurance Crime Bureau. While it's too soon for statistics to confirm whether recent events like the mortgage meltdown and an increase in unemployment truly lead consumers to commit more crimes, McKee said at least anecdotally the economic recession is affecting insurance fraud.
sandy ingram

Organisation for Economic Co-operation and Development - WHERE PRIVACY LAW GET'S IT'S QUE - 0 views

www.oecd.org/..._2649_201185_1_1_1_1_1,00.html

Economics Statistics Research OECD cooperation

shared by sandy ingram on 06 Jan 09 - Cached
  • sandy ingram on 06 Jan 09
     
    The economic downturn will hit the Internet economy hard in 2009, according to the latest available OECD estimates. The IT Outlook 2008 says that the IT industry is likely to have grown by 4% at most in 2008 compared to the previous year. But with the outlook for the global economy worsening and business and consumer confidence plumetting, growth will remain flat or decline in 2009.
sandy ingram

Extending Your Enterprise Risk Management Program #grc #smb - 0 views

www.brighttalk.com/21953

Best Practice security privacy grc Compliance risk goverance

shared by sandy ingram on 27 Jul 10 - Cached
  • sandy ingram on 27 Jul 10
     
    In today's economic climate, many organizations outsource parts of their business to take advantage of cost savings and solution-expertise. However, as vendor relationships increase, it becomes more difficult to manage them. The risks assumed by outsourcing can be significant without a vendor management program. According to the Ponemon Institute Study - 2009 Security Mega Trends, an average of 50.5% of organizations who outsourced sensitive and confidential data to third parties experienced a security incident or data breach as a result of outsourcing. In this 1-hour live webcast, Michael Rasmussen, President at Corporate Integrity, will share his insights on the importance of vendor management, as well as his recommendations of best practices for defining and executing an effective strategy. Chris Noell, EVP of Product management of TruArx, will then provide a brief overview of how GRC tools such as TruComply can automate key vendor management activities and enable these best practices. In this session, you will learn about: *The importance of vendor management and how it applies to your business *Best practices for defining and executing an effective vendor management strategy *How you can quickly and cost-effectively establish a mature vendor management program
sandy ingram

http://www.corporatecomplianceinsights.com/2009/risk-based-fcpa-compliance-assessments/ - 0 views

www.corporatecomplianceinsights.com/...ed-fcpa-compliance-assessments

Best Practice Privacy Security corporatecomplianceinsights cybersecurity Compliance Fraud

shared by sandy ingram on 01 Aug 10 - Cached
  • Companies lacking an anti-corruption compliance program face great legal, financial, and reputational risks. Government investigators will have no sympathy for those who fail to devote sufficient resources to compliance.
  • sandy ingram on 01 Aug 10
     
    "The Need for Risk-Based FCPA Compliance Assessments How To Deal With Increasing FCPA Risks In a Time of Shrinking Budgets In a time of dwindling funds, growing risks, and increased government targeting of companies that cut compliance budgets, a proper anti-corruption assessment is a vital first step in creating a cost-effective compliance program When a warning comes straight from the mouth of the U.S. Government's lead prosecutor in a field directly affecting their bottom line, it is wise for businesses to pay heed. In an interview earlier this year with PBS's investigative journal, "Frontline," Mark Mendelsohn, the Deputy Chief of the U.S. Department of Justice's Fraud Section, which is charged with enforcing the Foreign Corrupt Practices Act ("FCPA"), offered advice to all American businesses dealing with the current global recession. "I think that companies need to be especially vigilant in this economic climate to not cut back [on FCPA compliance]," Mendelsohn said. "Our law enforcement efforts are not going to be scaled back, and so it would be, I think, a grave mistake for a company to take that path.""
sandy ingram

THE INSIDE THREAT: Financial firms focus on internal threats, employee errors - 0 views

searchfinancialsecurity.techtarget.com/...9142,sid185_gci1347604,00.html

Security Internal Threat Human Error Employees

shared by sandy ingram on 12 Feb 09 - Cached
  • Mark Steinhoff, head of Deloitte's financial services security and privacy practices, said an organization's biggest mistake would be to let its guard down
  • "The number of breaches that are occurring are really at the hands of insiders and organizations are understanding that there is a real threat of malicious attacks and exposure of personal information by insiders," Steinhoff said.
    • sandy ingram
      sandy ingram on 12 Feb 09
       
      The failing economy may be driving the increased concern over insider threats
    • sandy ingram
      sandy ingram on 12 Feb 09
       
      "We are seeing the layoffs and other forms of downsizing. Frankly with limited budget and less than satisfied employees, it really raises the parameter on that threat."
    • sandy ingram
      sandy ingram on 12 Feb 09
       
      Human error is the leading cause of information systems failure, and is likely to be the main cause of security attacks in the near future, according to 86% of those surveyed
  • sandy ingram on 12 Feb 09
     
    Banks and financial firms are placing more emphasis on internal threats to cut the flow of data leakage as a result of employee mistakes or workers disgruntled with layoffs and downsizing during the economic crisis, according to a recent survey.
sandy ingram

Layoffs could lead to theft of interllectual property, placement of code - 0 views

www.linkedin.com/...366179-6510159

extortion layoffs employee workplace

shared by sandy ingram on 17 Nov 08 - No Cached
  • Since we are witnessing one of the most greatest surges in layoffs, how has your information security processes been coping with the increase?
  • I hear that many employees, in anticipation of a layoff, are stealing intellectual property. Thus, some damage to the company may be done prior to the lay off taking place.
  • have direct experience of employees who planted code that would disable key functions in the corporate IT system
  • ...9 more annotations...
  • I have met others who have bought their way into competitors using confidential information.
  • To be completely brutal and honest, if you are in a position to be worried about these things then your organisation has not taken its' security (in the broadest terms) seriously.
  • Security considerations are starting to move higher up the value chain away from its roots of network centricity towards applications and business concerns.
  • I have been monitoring the IT security industry and what I have noticed is not only the number of layoffs but also that there is so few high level IT Security jobs been advertised. Too many organisations see IT Security as an expense, and they have problem seeing the ROI form IT Security project.
  • how vulnerable is the Global economy to the next big attack.
  • corporations rapidly lose the ability to stop serious security breaches within the company as many in this forum have stated many examples.
  • I have seen many people go to extremes and sell this inside information, corporate espionage to name one example, in order to survive.
  • To understand the seriousness of this economic turmoil affecting corporation globally, a Director of Information Security from one of the largest and most admired global corporations was let go in a downsizing restructuring.
  • Understand that every company large and small is going through profound economic issues trying to do more with less staff.
  • sandy ingram on 17 Nov 08
     
    In one case, it was used for extortion, i.e. to demand a better severance package. The other used it for revenge.
sandy ingram

Courts Says Employer's Lawsuit Against Ex-Employee Over Retention and Use of Twitter Ac... - 0 views

blog.ericgoldman.org/...california_cour.htm

Best Practice employees social media account

shared by sandy ingram on 10 Nov 11 - No Cached
  • The takeaway is to have a written agreement that governs this issue!
  • PhoneDog said it suffered $340,000 in damages. The account had 17,000 followers, "which according to industry standards, are each valued at $2.50."
sandy ingram

Global Survey Predicts 'Death of the Office' - 66% would take a pay cut to work from home. - 0 views

www.cio.com/..._Predicts_Death_of_the_Office_

survey global remote worker

shared by sandy ingram on 27 Oct 10 - No Cached
  • An even greater number, 66 percent, would be prepared to work for lower pay if a job offered more flexibility, at least when compared with a better-paid job without such flexibility. Businesses are uncertain about the move to home working, mainly because of security. According to the Cisco survey, they should also factor in some of the advantages. Almost half of those employees who do work from home reckon they put in between two and three extra work hours per day as a result.
  • Employees' dislike of offices is nothing new but what has changed is that it is now technically possible to make an employee productive without asking them to travel to a building every day.
  • It seems just as likely that the death of the office, predicted many times in the last 40 years, might be as much about the changing economics of work than any desire of employees to escape to the back room and the VPN.
  • sandy ingram on 27 Oct 10
     
    Techworld - The office workplace that has dominated business since the 19th Century is dying and most employees would be quite happy not to work in it, a global study by networking giant Cisco has found. This is a striking theme of the Cisco Connected World Report, which found that 60 percent of employees from 2,600 surveyed across 13 countries do not think it necessary to be in an office to be productive.
sandy ingram

Ponemon #BREACH SURVEY: 56% suffer from financial identity theft and cost Hospitals $6 ... - 0 views

www.prnewswire.com/...acy-in-jeopardy-106945528.html

Privacy security compliance HITECH survey ponemon

shared by sandy ingram on 02 Dec 10 - No Cached
  • "Our research shows that the healthcare industry is struggling to protect sensitive medical information, putting patients at risk of medical identity fraud and costing hospitals and other healthcare services companies millions in annual breach-related costs," said Dr. Larry Ponemon, chairman and founder, Ponemon Institute.  "At this point one would hope to see that healthcare organizations have improved information security practices and come into compliance with HITECH, now that it's been more than one year since it was enacted.  Instead we found enormous vulnerabilities.  The protection of patient data should be at the forefront of their efforts."
  • ey findings of the research: Data breaches are costing the healthcare system billions.  The total economic burden created by data breaches on the healthcare industry is nearly $6 billion annually.  The impact of a data breach over a two-year period is approximately $2 million per organization and the lifetime value of a lost patient is $107,580.  The average organization had 2.4 data breach incidents over the past two years.  Major factors causing data breaches are unintentional employee action, lost or stolen computing devices and third-party error.Healthcare organizations are not protecting patient data.  Organizations have little or no confidence in their ability to appropriately secure patient records (58 percent).  Healthcare organizations have inadequate resources (71 percent) and insufficient policies and procedures in place (69 percent) to prevent and quickly detect patient data loss.Protecting patient data is not a priority.  Seventy percent of hospitals stated that protecting patient data is not a top priority.  Patient billing (35 percent) and medical records (26 percent) are the most susceptible to data loss or theft.  A majority of organizations have less than two staff dedicated to data protection management (67 percent).HITECH has exposed the healthcare industry's lax data protection practices rather than improved the safety of patient records.  The majority (71 percent) of respondents do not believe the HITECH Act regulations have significantly changed the management practices of patient records.  The findings indicate that there is a significant number of data breaches that go undetected, and therefore unreported.
  • "We talk with healthcare compliance people dealing with data breach risks every day and they just can't get their arms around the problem of data exposure," said Rick Kam, president and co-founder of ID Experts.  "Unfortunately, in healthcare organizations, patient revenue trumps risk management."
  • sandy ingram on 02 Dec 10
     
    Hospitals Are Not Protecting Patient Data; Healthcare Industry Lagging Behind HITECH Standards TRAVERSE CITY, Mich. and PORTLAND, Ore., Nov. 9, 2010 /PRNewswire/ -- The latest benchmark study by Ponemon Institute, sponsored by ID Experts®, finds that data breaches of patient information cost healthcare organizations nearly $6 billion annually, and that many breaches go undetected.  The research indicates that protecting patient data is a low priority for hospitals and that organizations have little confidence in their ability to secure patient records, putting individuals at great risk for medical identity theft, financial theft and embarrassment of exposure of private information.
sandy ingram

Malicious insider attacks to rise: "This is one of the most significant threats compani... - 0 views

news.bbc.co.uk/...7875904.stm

employee layoffs

shared by sandy ingram on 12 Feb 09 - Cached
  • Microsoft said so-called "malicious insider" breaches are on the rise and will worsen in the present downturn.
  • "This is one of the most significant threats companies face,"
  • "The malicious insider is classed as the greatest security concern because they have access, and relatively easy access, to corporate assets," said Mr Leland.
  • ...5 more annotations...
  • The problem is not just a serious one for business.
  • "The national security and economic health of the United States depend on the security, stability and integrity of our nation's cyberspace, both in the public and private sectors,"
  • A report last week by the Ponemon Institute, a privacy and data-protection research group, found that 88% of data breaches were caused by simple negligence on the part of staff.
  • While insider attacks are lower in number, Mr Rowney said they can be more devastating because the employee knows where "the crown jewels" are kept
  • Verizon indicates these protections are a critical form of risk management that no enterprise can no longer afford to ignore.
  • sandy ingram on 12 Feb 09
     
    "This is one of the most significant threats companies face,"
  • sandy ingram on 12 Feb 09
     
    People to Google: Doug Leland, Microsoft John Brennan, the President's top adviser for counterterrorism and homeland security. Kevin Rowney, Symantec, founder of the firm's Data Loss Prevention Unit
sandy ingram

Health care providers anticipate new audit program - 0 views

www.finance-commerce.com/...allenges-as-scrutiny-increases

Health Care Audit

shared by sandy ingram on 05 Jan 09 - Cached
  • New audit program
  • Another development affecting hospitals will be the nationwide implementation of the Medicare Recovery Audit Contractor (RAC) Audit program, Jesson noted. After testing the program in three states over the past three years, RAC auditors will begin auditing hospitals in Minnesota and other states for Medicare or Medicare fraud.
  • The federal government recently offered additional incentives to states that adopt laws that parallel the False Claims Act.
  • ...8 more annotations...
  • Data privacy is another hot-button issue for health care consumers, providers and regulators
  • a Minneapolis attorney, expects to see stepped up reinforcement of so-called “red flag rules” under the Health Insurance Portability and Accountability Act to prevent identity theft from health care providers and their patients.
  • health care organizations need to address three primary areas
  • making sure they have ID-theft prevention programs in place;
  • requirements relating to credit reports;
  • requirements related to the use of debit cards, credit cards and “smart” cards.
  • expects to see greater enforcement and “stiffening” of Medicare and Medicaid reimbursement:
  • As the current economic downturn continues, DeLoss also foresees another trend which should keep health law attorneys occupied in the coming year: more consolidation among medical practices.
  • sandy ingram on 05 Jan 09
     
    Another development affecting hospitals will be the nationwide implementation of the Medicare Recovery Audit Contractor (RAC) Audit program, Jesson noted. After testing the program in three states over the past three years, RAC auditors will begin auditing hospitals in Minnesota and other states for Medicare or Medicare fraud.
sandy ingram

Collaboration - the power of "us" far more important then the power of "you". - 0 views

www.ceoforum.com.au/article-detail.cfm

ceo collaboration

shared by sandy ingram on 20 Nov 08 - Cached
  • Societies and economies are rapidly changing; and the power of “us” has become far more important than the power of “you”
  • this wave of collaborative technologies and behaviors is now moving into business and government.
  • Business and government leaders will need to lead from a “collaboration and teamwork” mentality as opposed to the traditional “command and control” perspective.
  • ...1 more annotation...
  • reward them for reaching collective goals
    • sandy ingram
      sandy ingram on 20 Nov 08
       
      How to "reward" for collaboration?
  • sandy ingram on 20 Nov 08
     
    Societies and economies are rapidly changing; and the power of "us" has become far more important than the power of "you"
  • sandy ingram on 20 Nov 08
     
    "Our opportunity is to build a globally connected human network capable of working collectively to address the significant social, economic, and political issues of our time. As leaders, it is our responsibility to lead by collaborative example,"
sandy ingram

Saving Money Through Cloud Computing - 0 views

www.brookings.edu/...0407_cloud_computing_west.aspx

cloud economics

shared by sandy ingram on 08 Apr 10 - Cached
  • sandy ingram on 08 Apr 10
     
    I found that the agencies generally saw between 25 and 50 percent savings in moving to the cloud. For the federal government as a whole, this translates into billions in cost savings, depending on the scope of the transition. Many factors go into such assessments, such as the nature of the migration, a reliance on public versus private clouds, the need for privacy and security, the number of file servers before and after migration, the extent of labor savings, and file server storage utilization rates. Based on this analysis, I recommend five steps be undertaken in order to improve efficiency and operations in the public sector: the government needs to redirect greater resources to cloud computing in order to reap efficiencies represented by that approach, the General Services Administration should compile data on cloud computing applications, information storage, and cost savings in order to determine possible economies of scale generated by cloud computing, officials should clarify procurement rules to facilitate purchasing through measured or subscription cloud services and cloud solutions appropriate for low, medium, and high-risk applications, countries need to harmonize their laws on cloud computing to avoid a "Tower of Babel" and reduce current inconsistencies in regard to privacy, data storage, security processes, and personnel training, and lawmakers need to examine rules relating to privacy and security to make sure agencies have safeguards appropriate to their mission.
sandy ingram

Few businesses are likely to be insured against the result of cyber attacks - Security ... - 0 views

www.securitypark.co.uk/security_article263278.html

Best Practice Privacy Security Insurance Employee Fraud unemployment resession

shared by sandy ingram on 21 Jul 09 - Cached
  • Businesses are advised to thoroughly review risk management procedures and insurance programmes to ensure they have adequate and relevant cover in place: “The responsibility to get the house in order should lie with an organisation’s Managing Director or Finance Director, and not the IT department alone,” says Simon. “IT defences whilst vital only react to known problems and are not guaranteed to be 100 percent secure. Protection for the whole business and its sustainability is without doubt the safest option.”
  • “The economic downturn has resulted in people of all levels and responsibilities losing their jobs, and those with a detailed knowledge of their former employers’ IT and operating systems may well present a real potential threat, and turn to extortion as a way of taking revenge on their former employer, and of making some money at the same time.
  • According to The Wilson Organisation, insurers and underwriters are predicting a rise in white collar extortion as the recession continues to bite and unemployment figures increase. Worryingly many businesses do not have insurance cover for data or business loss.
  • sandy ingram on 21 Jul 09
     
    According to The Wilson Organisation, insurers and underwriters are predicting a rise in white collar extortion as the recession continues to bite and unemployment figures increase. Worryingly many businesses do not have insurance cover for data or business loss. "According to a DTI Information Security Breaches Survey, a third of UK businesses think general business insurance provides full cover for damage to the business arising from data loss," comments Wilsons' Simon Hoare, "but the reality is quite different, with very few businesses likely to be insured against the result of cyber attacks on its most crucial management and business tool - corporate and customer information, most of which is today held on corporate IT systems. "For public company directors, this is in fact in breach of their duties under the Turnbull Report, which requires them to identify, manage and take an informed opinion on the transfer of risks for the business."
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