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Volume 2, 2015

This Week's Online-Exclusive Feature

Book Review—Fraud Prevention and Detection: Warning Signs of the Red Flag System
18 March 2015
Rodney T. Stamler, Hans J. Marschdorf, Mario Possamai | Reviewed by Upesh Parekh, CISA

It is a common myth that regulators and law enforcement agencies can protect organizations from fraud. At best, regulators can deter the occurrence of fraud, but they cannot prevent fraudulent activities. It is up to organizations to protect themselves. But how can organizations prevent fraud? How can they save themselves from all the ill effects of fraud?

Fraud is “wrongful or criminal deception intended to result in financial or personal gain.” It is estimated that a typical organization loses 5 percent of its revenue in fraud each year. There have been monumental losses due to fraud, for example, in the cases of Enron and WorldCom. Read More

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Podcast  New!
ISACA Journal Volume 2 Podcast:  Cyberwhatsit

This Week's Featured Author Blog

Staying Secure in the IoT
30 March 2015
Marcelo Hector Gonzalez and Jana Djurica

The Internet of Things (IoT) is changing how people and technology interact. With billions of devices projected to be connected in the near future, the opportunity to be innovative is amazing.

In recent months, there have been several publications discussing the IoT, with many articles in favor of it and many against it. On one hand, it is said that all things should be connected:  refrigerators, coffee machines, wearables, microwaves, umbrellas, fitness bands and drones. On the other hand, there is an opinion that this trend needs to be stopped, regulated or banned by government organizations because of security and privacy concerns. For example, the US Federal Trade Commission (FTC) publicly raised concerns about the security risk associated with the rising number of interconnected systems and devices. Read More

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