Firms feel fraud an inevitable part of biz - Rediff

[FraudNews]

table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNGrNSj2SpTqRerb6loF9f Ea-FkGhAamp;url=http://www.rediff.com/business/report/firms-feel-fraud-an-inevitable-part-of-biz/20121204.htmimg src=//nt2.ggpht.com/news/tbn/Iu8UXpfwBIWlRM/0.jpg alt= border=1 width=68 height=80 /br /font size=-2Rediff/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNGrNSj2SpTqRerb6loF9f Ea-FkGhAamp;url=http://www.rediff.com/business/report/firms-feel-fraud-an-inevitable-part-of-biz/20121204.htmbFirms feel bfraud/b an #39;inevitable#39; part of biz/b/abr /font size=-1bfont color=#6f6f6fRediff/font/b/fontbr /font size=-1The study also showed companies were not equipped to deal with futuristic bfraud/b, with 70 per cent acknowledging there was no effective mechanism to tackle such frauds. The survey got responses from 293 CXOs from Indian companies, both private and b.../b/fontbr /font size=-1a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNEfgvj02lMrF0d6yyNMvw 75OH7_AQamp;url=http://www.zdnet.com/in/indian-firms-ill-equipped-to-mitigate-fraud-7000008260/Indian firms ill-equipped to mitigate bfraud/b/afont size=-1 color=#6f6f6fnobrZDNet/nobr/font/fontbr /font size=-1a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNEdyMuA4BnvE6XHz2wmMs WMvHxQEwamp;url=http://economictimes.indiatimes.com/news/news-by-company/corporate-trends/identity-theft-piracy-and-cyber-crimes-may-hit-india-inc-says-kpmgs-india-fraud-survey-2012/articleshow/17479963.cmsIdentity theft, piracy and cyber crimes may hit India Inc, says KPMG#39;s India b.../b/afont size=-1 color=#6f6f6fnobrEconomic Times/nobr/font/fontbr /font size=-1a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNEcl0JlOXHsu4H25AiMX9 0_uUPw0wamp;url=http://www.livemint.com/Opinion/3S6nREViwNv5q3yuqaPOJL/Frauds-and-opportunities.htmlWhat companies need to do is invest in detection and prevention tools that b.../b/afont size=-1 color=#6f6f6fnobrLivemint/nobr/font/fontbr /font size=-1 class=pa href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNGmR5ko1WXnKcPyimqJL_ MFR_Bocwamp;url=http://timesofindia.indiatimes.com/business/india-business/Companies-say-fraud-is-an-inevitable-cost-of-doing-business/articleshow/17464449.cmsnobrTimes of India/nobr/anbsp;-a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNHPcjzD466HZYJh1nqsgx wxZ1WzqQamp;url=http://www.nzherald.co.nz/business/news/article.cfm?c_id%3D3%26objectid%3D10851770nobrNew Zealand Herald/nobr/anbsp;-a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNHO23aqfxlesaJAvYN36R vzy_5mvAamp;url=http://tvnz.co.nz/business-news/south-canterbury-case-lifts-fraud-levels-record-high-5258247nobrTVNZ/nobr/a/fontbr /font class=p size=-1a class=p href=http://news.google.co.za/news/more?ncl=d_EmoziT3lurmGMjg7amsyH9uxufMamp;ned=en_z anobrball 29 news articlesnbsp;raquo;/b/nobr/a/font/div/font/td/tr/table

More... (http://news.google.com/news/url?sa=tfd=Rusg=AFQjCNGrNSj2SpTqRerb6loF9fEa-FkGhAurl=http://www.rediff.com/business/report/firms-feel-fraud-an-inevitable-part-of-biz/20121204.htm)