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Fraud: Weapon of Asset Destruction
Posted by Diane Burley on 13 May 2013 10:28 AM

High-profile hacks and cyber espionage by nation states (or those working on their behest) have been in the spotlight of late. But a far more insidious computer threat lurks much closer to home: criminals perpetrating fraud. According to a 2011 report by public accounting firm UHY Advisors, fraud is a whopping $1 trillion dilemma in the US alone — and that number could be considerably higher. It is hard to put an exact number on electronic fraud as, 1) companies are loath to report that


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