Fiduciary Duty Of Boards: When Bad Things Happen To Good Public Accounting Firms

Fiduciary Duty Of Boards: When Bad Things Happen To Good Public Accounting Firms

by Bob Jones | July 7, 2020 | Banking and Financial Services, Corporate Culture, Fraud

Recent events point to the need to reexamine the Fiduciary Duty of Boards. Wirecard AG, headquartered in Munich, Germany, is a large, international payments processing fintech company.  On June 19th, the Wall Street Journal reported that funds totaling approximately $2.1 Billion appeared to be m ....

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2020 Fraud Perspective: Pigs, Rats and Ransomware

by Sabine Zimmer | December 18, 2019 | Cybersecurity, Data & Cybersecurity, Fraud

Before Santa Fe Group Senior Advisor Bob Jones shares his insights on 2020 fraud trends, he points out that 2019 is the Year of the Pig. “It’s also the year of ransomware,” adds Jones, who expects ransomware attacks, phishing attacks and other forms of fraudulent activities to continue to hog ....

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The Realities of Raising Fraud Awareness

April 29, 2019 | Data & Cybersecurity, Fraud

Authored by: Emily Irving, VP Third Party Risk, BlackRock and Shared Assessments Steering Committee Vice Chair and Bob Jones, Senior Advisor, The Santa Fe Group If you could print $200 million on your home printer each year, how would it affect the world economy? If all humans could avoid physica ....

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The Fraud Implications of Weak Third Party Risk Management

by Sabine Zimmer | March 19, 2018 | Data & Cybersecurity, Data Breach, Fraud, Payments, Third Party Risk Management

By Bob Jones, Senior Advisor, The Santa Fe Group   There are three different aspects of fraud that are relevant to third parties. The first is defalcations by the third party’s employees exploiting inadequate internal controls.  The second is fraud perpetrated by the principals of the ....

Halloween Happenings – What’s Scaring Your Risk, Privacy & Security Professionals?

October 31, 2016 | Data & Cybersecurity, Fraud, Privacy, Risk, Security

Hacking and data breaches have continued to dominate media headlines, putting a stronger emphasis on Cyber Security. However, there are other emerging terms that are creating goosebumps, scary dreams, and keeping compliance professional up at night. This past week, over 400 attendees at the 14th ann ....

It’s a New Day for Payment Card Fraud Liability

January 4, 2016 | Data Breach, Fraud, Payments

According to the global 2015 Cost of Data Breach Study by the Ponemon Institute, the average total cost of a data breach for the participating companies increased 23 percent over the past two years to $3.79 million. Now breach costs are likely to rise further as banks and payment processors shi ....