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Internal Controls & Fraud Prevention

Reciprocity

For instance, all sales receipts and bank account deposit preparations should be documented. This will allow authorized personnel to perform bank reconciliations and verify that the receipts were deposited into the bank, which reduces asset misappropriation or other types of fraud. A Robust Internal Reporting System.

Audit 52
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The Ukraine Invasion: What Are the Impacts on Supply Chain Dynamics?

Fusion Risk Management

The Bank of England, as part of their operational resilience policy statement , continually outlined the need for institutions to ensure that they can continue to deliver their important business services during severe (or extreme) but plausible scenarios.

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Ransomware attack: Who ya gonna call, Mike?

Plan B Consulting

A while ago I was the Emergency Planning Manager for a large company, as they had many international travellers, travelling to all parts of the world. I was told about an organisation which had been attacked and the ransom was the exact amount the organisation had in their bank account when the attack occurred.

Travel 52
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Ransomware attack: Who ya gonna call, Mike?

Plan B Consulting

A while ago I was the Emergency Planning Manager for a large company, as they had many international travellers, travelling to all parts of the world. I was told about an organisation which had been attacked and the ransom was the exact amount the organisation had in their bank account when the attack occurred.

Travel 52
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What The Pipeline Oil Ransomware Attack TAUGHT Us

Assurance IT

With a 5,500-mile-long pipeline that travels over 100 million gallons of gasoline from state to state, it instantly closed due to the impact of the attack. Reports are claiming that the DarkSide ransomware group is responsible for the attack. There was a point in time when you had to hold up a bank to steal money.