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What fraud risk do they face and what can they do about it?

One way to be a resource to your business borrowers is to understand
the risks they face and point them in the right direction for
assistance. In their Global Fraud Report,
Kroll and The Economist Intelligence Unit have put together an
industry-by-industry report on the risks faced, the losses incurred and
steps to take.

Their
report includes global and local issues, sector by sector
analysis,Economist Intelligence Unit overview, prevention, detection
& response. A total of 892 senior executives from ten industries
took part in this survey; a third based in Europe, 32% in Asia-Pacific
and 30% in
North and South America.  The highest number of

respondents came from the financial services industry (18%).

Here is the Table of Contents:

  • FINANCIAL SERVICES
    • Identity theft prevention: A looming requirement
    • Operation Malaya: Corruption in the Spanish real estate sector
    • Private equity, hedge funds and emerging markets: Playing risk for returns
    • Alternative securities:Opportunity for fraud and reward
  • PROFESSIONAL SERVICES
    • Preventing risk in the people business
  • MANUFACTURING
    • Procurement data can help fight fraud
  • HEALTHCARE, PHARMACEUTICALS & BIOTECHNOLOGY
    • Hijacking pharmaceutical brands: A study
    • Counterfeiting in the pharmaceutical industry: Ten pieces of advice
  • TECHNOLOGY, MEDIA & TELECOMS
    • Machinations in the Japanese entertainment industry
    • Old-fashioned fraud: A case study from China
  • NATURAL RESOURCES
    • Challenging corruption in the energy sector
  • TRAVEL, LEISURE & TRANSPORTATION
    • Unique profile of the airline industry
    • The gambling industry and money laundering
  • RETAIL, WHOLESALE & DISTRIBUTION
    • Commodity trading and shipping fraud
    • Working out weak points can pay off
  • CONSUMER
    • Brand integrity: Anti-counterfeiting, piracy and tainted goods
  • CONSTRUCTION
    • Audits, screening, and expertise help to build integrity
    • Transparency is the key to monitoring the supply chain
    • Red Flags: Behavior that may reveal problems
  • FRAUD VULNERABILITY
    • Where business is feeling the heat
  • EMERGING MARKETS
    • The investment herd stampedes into Lagos: Dangers of fraud in a booming market
    • The impact of United States regulation on other countries
    • Culture, compliance and China
  • FRAUD PREVENTION
    • A proactive strategy for operational risk
    • Human resources: The frontline in protecting your business
    • Protecting your investments
  • FRAUD DETECTION
    • Up to the top: Financial statement fraud
    • Protecting data sources from internal theft
    • Making employee hotlines work
  • FRAUD RESPONSE
    • Investigative tactics under scrutiny in the United States
    • Who is taking responsibility for losing sensitive data?
    • U.S. Government increases controls over contractors
    • Profiting from stolen information

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About the Author
Linda Keith CPA is an expert in credit risk readiness and credit analysis. She trains banks and credit unions throughout the United States, both in-house and in open-enrollment sessions, on Tax Return and Financial Statement Analysis. She is in the trenches with lenders, analysts and underwriters helping them say "yes" to good loans. Creator of the Tax Return Analysis Virtual Classroom at www.LendersOnlineTraining.com, she speaks at banking associations on risk management, lending and director finance topics.