White paper: Fraud prevention and detection – “Breaking the fraud triangle”

I have written recently about a couple of white papers issued by information management and eDiscovery software provider ZyLAB. In each case, the focus of the papers has been on applying ZyAB’s processing and analytical power to discreet areas of concern to corporations including intellectual property and privacy.

ZyLAB’s paper is called Breaking the Fraud Triangle: ZyLAB Fraud Prevention and Detection Program and concerns the use of big data analytical tools to identify activities which may involve fraud and/or breach of security and compliance policies. The “fraud triangle” consists of incentive / pressure, opportunity and rationalisation, any or all of with are susceptible to identification if you have the tools to search and analyse them.

Recession tends to expose fraud, not because hard times provoke it (providing both incentive and rationalisation) but because of closer scrutiny as companies look for savings. Mary Mack, Enterprise Technology Counsel for ZyLAB points out that few companies allocate extra people to this task, perhaps because they are unable to calculate the ROI of doing so. Mary Mack says that the use of appropriate technology allows companies to “extend their reach without extending their staff”.

You can download the white paper and other ZyLAB resources from here.

About Chris Dale

I have been an English solicitor since 1980. I run the e-Disclosure Information Project which collects and comments on information about electronic disclosure / eDiscovery and related subjects in the UK, the US, AsiaPac and elsewhere
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