Risk assessment concept on wooden rectangle pieces | Fraud risk assessment as a component of a fraud risk management | Riskhouse International blog

Fraud risk assessment as a component of a fraud risk management

Fraud risk assessment as a component of a fraud risk management Fraud risk assessment is a component of fraud risk management strategy that helps an organization and its stakeholders protect itself against fraud. It is a technique by management to detect and understand their fraud exposure, fraud risks, and the efficiency of existing anti-fraud controls […]

10 key components of an effective data destruction policy

10 key components of an effective data destruction policy; Introduction; The right to erasure or destruction of data is guaranteed to data subjects by Section 40 of the Data Protection Act. Under the Data Protection Act, a data subject may request a data controller or processor to erase or destroy personal data held by them […]

“Snitches don’t have to get stitches” – why you need a Whistleblower Policy in your Organization

“Snitches don’t have to get stitches” – why you need a Whistleblower Policy in your Organization; Introduction; According to the Merriam-Webster Dictionary, one of the exceptions to the semantic realm of ‘snitches get stitches’ is the word “whistleblower”. A whistleblower is defined as a person who reveals something clandestine or who informs against another. In […]

Best Practices for preventing life insurance fraud-post pandemic

Best Practices for preventing life insurance fraud-post pandemic Introduction; Insurance fraud occurs when someone deliberately lies to obtain a benefit that they are not entitled to or fabricates a claim. Insurance fraud can also occur when an Insurer intentionally denies one a benefit that is due, under an insurance policy. While fraud is rampant in […]

Cyber Safety for Children

Cyber Safety for Children Technology is good for our children as it educates and inspires their creativity; it also continues to evolve with the new AI-enabled games and toys. A greater number of children are using technology at an early age and are therefore capable of understanding the gaming tools and toys available to them. […]

The importance of extensive Due Diligence in Land Transactions

The importance of extensive Due Diligence in Land Transactions; Introduction Due diligence is a phrase used in land transactions and entails establishing the identity of the proprietors of the land, the actual size of the land, whether the land is encumbered, whether the property exists, and whether or not the ownership documents are in order. […]

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