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Bug Bounties: What’s the pay off? |
Bug bounties can be a cost effective way of identifying code defects and remediating vulnerabilities in an application or website. These programs work by tasking testers, with unknown and unvalidated certifications, to identify... |
Advisory Cyber & Information Risk Financial Crime Exchange Forensic Technology & Cyber | Insight | 28 October 2022 |
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Good people are still doing bad things |
The rise of financial crime and corruption Global events over the last two years have significantly impacted individuals, organisations and the way we live. During the pandemic, many individuals suffered with financial stress and... |
Advisory Financial Crime Exchange | Insight | 13 May 2022 |
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Applying Standards to Control Fraud and Corruption |
Professor Paul Andon from the University of NSW School of Accounting, Auditing and Taxation recently joined McGrathNicol’s Forensic Practice Consultant Dean Newlan to discuss how organisations can leverage Australian standards... |
Advisory Financial Crime Exchange Technology & Cyber | Insight | 2 December 2021 |
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When good people do bad things: the psychology of... |
There has always been a fascination about what drives someone to commit white-collar crime, and the motives behind law-abiding citizens making the conscious decision to steal from their place of business to methodically,... |
Advisory Financial Crime Exchange Technology & Cyber | Insight | 22 November 2021 |
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Standards Australia releases AS 8001-2021 Fraud and Corruption Control |
AS 8001 Fraud and Corruption Control has provided benchmark fraud and corruption control guidance for Australian corporations since 2003. The third edition of the standard was released on 11 June 2021 as AS 8001-2021. The... |
Technology & Cyber Cyber & Information Risk Financial Crime Exchange | Insight | 25 June 2021 |
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The growing menace of corruption in global business |
McGrathNicol’s Financial Crime Exchange (FCX) recently hosted a webinar highlighting the growing menace of corruption in global business. The webinar followed release of the Transparency International Corruption Perceptions... |
Advisory COVID-19 Financial Crime Exchange Forensic | Insight | 11 June 2021 |
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Transparency International report highlights COVID-19 linked corruption |
Transparency International (TI) recently released its Corruption Perceptions Index 2020 (CPI Index) which ranks 180 countries/territories according to perceptions of public sector corruption in each country. The report described... |
Advisory COVID-19 Financial Crime Exchange Forensic | Insight | 2 March 2021 |
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International Fraud Awareness Week – Watch the webinars on... |
We recently held a series of webinars to mark International Fraud Awareness Week 2020. The webinars included discussions on a broad range of current and emerging financial crime trends and provided insights into how governments... |
Financial Crime Exchange | News | 22 December 2020 |
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Key elements of the Australian Cyber Security Strategy 2020 |
Darren Kane, Chief Security Officer at NBN Co, recently joined McGrathNicol Advisory Technology & Cyber Partners Blare Sutton and Shane Bell for an FCX webinar to review the Federal Government’s Australian Cyber Security... |
Advisory Financial Crime Exchange Forensic Technology & Cyber | Insight | 19 November 2020 |
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Australia dragging its heels on public sector corruption in... |
Corruption costs the global economy trillions of dollars a year and has the potential to damage the principles of democracy, justice and the economy. Australia is a relatively clean country, especially when compared to countries... |
Advisory Financial Crime Exchange Forensic | Insight | 18 November 2020 |
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Cyber-attack and corruption the standout financial crimes of 2020 |
The two standout financial crimes of 2020 were cyber-attack and corruption. While each was common prior to COVID-19, the pandemic has raised the threat level of both across all sectors. Cyber-attacks frequently reported during... |
Advisory COVID-19 Financial Crime Exchange Forensic Technology & Cyber | Insight | 16 November 2020 |
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New AS 8001 Fraud and Corruption Control standard in... |
Australian Standard AS 8001 Fraud and Corruption Control has been accepted as the benchmark for best practice in fraud and corruption control in Australia since 2003. For many Australian organisations across all sectors, AS 8001... |
Financial Crime Exchange Forensic | Insight | 2 June 2020 |
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Is your whistleblower program effective against COVID-19 risk? |
Working remotely has become the norm due to the disruptions caused by COVID-19. Organisations need to refocus their whistleblower policies in light of staff working from home en masse for the first time ever. Working from home... |
Advisory COVID-19 Financial Crime Exchange Forensic | Insight | 22 April 2020 |
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How to detect and disrupt inappropriate procurement activity |
For many years our work has reinforced the ongoing risks presented by procurement fraud. Organisations need to be vigilant against unscrupulous suppliers attempting to influence employees. This influence can be caused by... |
Advisory Financial Crime Exchange Forensic | Insight | 22 November 2019 |
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Three considerations when dealing with matters requiring investigation |
I think all of us would like to be investigators at some time. The intrigue, challenge or simply wanting to uncover the facts fascinates us all. The reality is that it is a role that comes with considerable risk. Planning an... |
Advisory Financial Crime Exchange Forensic | Insight | 21 November 2019 |
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The more things change, the more they stay the... |
In 1849, French writer Jean-Baptiste Alphonse Karr wrote “plus ça change, plus c'est la même chose “ – the more things change, the more they stay the same… Filled with apprehension, in mid-2018, I returned from... |
Advisory Financial Crime Exchange Forensic | Insight | 18 November 2019 |
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Clarifying whistleblower protections and the importance of a robust... |
McGrathNicol’s FCX recently hosted an expert panel comprising Corrs Partner Abby Gill, Griffith University’s Professor AJ Brown, ANZ Whistleblower Program Lead Clare Molan and Head of ASIC’s Office of the Whistleblower... |
Advisory Financial Crime Exchange Forensic | Insight | 9 August 2019 |
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Whistleblower legislation to become law on 1 July 2019 |
The Treasury Laws Amendment (Enhancing Whistleblower Protections) Act 2019 was passed by the House of Representatives on 20 February 2019 and received Royal Assent last week. On becoming law on 1 July 2019 it will introduce... |
Advisory Financial Crime Exchange Forensic | Insight | 18 March 2019 |
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Misconduct in the Banking sector – it’s just not... |
The final report of the ‘Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry’ (universally known as the ‘Banking Royal Commission’) landed with a thud on Monday and will serve... |
Advisory Financial Crime Exchange Forensic Governance, Risk & Compliance | Insight | 8 February 2019 |
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Michael Woodford MBE: a story of loyalty and betrayal... |
In the lead up to International Fraud Awareness Week (12-16 November), McGrathNicol’s Financial Crime Exchange (FCX) hosted over 200 senior executives to hear from Michael Woodford, former Olympus CEO and whistleblower, who... |
Advisory Financial Crime Exchange Forensic | Insight | 11 December 2018 |
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FCX Panel Discussion | The Façade of Fraud |
To mark International Fraud Awareness Week, McGrathNicol’s financial crime collaboration hub FCX hosted a series of expert events in our Sydney, Melbourne, Brisbane and Canberra offices to discuss experiences and challenges for... |
Advisory Financial Crime Exchange Forensic | Insight | 19 November 2018 |
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Banking Royal Commission highlights cultural issues within Financial Services |
The Banking Royal Commission commenced public hearings in earnest on 13 March 2018 in what the Commissioner, The Hon. Justice Kenneth Hayne has referred to as the Round 1 hearings focusing on “consumer lending practices within... |
Advisory Financial Crime Exchange Forensic | Insight | 28 March 2018 |
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Australia slips further in anti-corruption ratings |
International corruption fighting NGO, Transparency International (TI), released its 2017 Corruption Perceptions Index (CPI) on 27 February 2018. The report revealed some worrying trends for Australian business in the context... |
Advisory Financial Crime Exchange Forensic | Insight | 6 March 2018 |
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Forensic Forecast 2018 |
Tighter regulation, increased regulatory scrutiny, significant media attention and expectations for greater transparency are balancing the growth ambitions of Government and the business sector. Ultimately, we are seeing the... |
Advisory Financial Crime Exchange Forensic Technology & Cyber | Report | 28 February 2018 |
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Whistleblower compensation is sorely needed |
I was a teenager working at Walton’s department store when, in 1986, one of Walton’s senior managers discovered that the store’s new owners, the Bond Corporation, had embarked on a creative method of recognising revenue. As... |
Advisory Financial Crime Exchange Forensic | Media | 13 December 2017 |
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Understanding the risks and implications of fraudulent underpayment of... |
A growing number of high profile large Australian companies have been on the receiving end of adverse media attention alleging the deliberate underpayment of employee entitlements. The fallout from these allegations has resulted... |
Advisory Financial Crime Exchange Forensic | Media | 11 December 2017 |
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Why Australia’s strengthening whistleblower protections are good for business |
This year has marked a significant shift in Australia’s approach to the protection of whistleblowers who report corporate wrongdoing within their workplace. Given these changes, businesses need to be thinking not just about how... |
Advisory Financial Crime Exchange Forensic | Insight | 17 November 2017 |
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Australia dragging its heels on public sector corruption in... |
Corruption costs the global economy $2.6 trillion a year and has the potential to damage the principles of democracy, justice and the economy. Australia is a relatively clean country, especially when compared to countries such as... |
Advisory Financial Crime Exchange Forensic | Insight | 16 November 2017 |
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FCX Panel Discussion – Gambling: The Hidden Addiction |
To mark International Fraud Awareness Week, McGrathNicol’s collaboration hub FCX last night hosted a series of expert panels in each of our offices in Australia and New Zealand to discuss experiences and challenges for... |
Advisory Financial Crime Exchange Forensic | Insight | 15 November 2017 |
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Whistleblower legislation – implications on your business |
The Federal Government released its long-awaited draft whistleblower protection legislation on 23 October 2017. If passed as currently drafted, the Treasury Laws Amendment (Whistleblowers) Bill 2017 will create a single... |
Advisory Financial Crime Exchange Forensic | Insight | 25 October 2017 |
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Eighteen Australian Universities discuss financial crime research |
McGrathNicol’s collaboration hub FCX last week hosted more than 45 representatives from 18 Australian Universities at a roundtable for a presentation on the latest research into financial crime and to share industry experiences... |
Advisory Financial Crime Exchange Forensic | Insight | 2 August 2017 |
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Heightened risk of fraud facing Australian universities |
McGrathNicol fraud risk management expert Graham Newton recently spoke with the Australian Financial Review’s education editor about the heightened risk of fraud facing Australia’s Higher Education sector. According to Graham... |
Advisory Financial Crime Exchange Forensic | Media | 27 July 2017 |