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Digital Forensics & The Fraud Triangle

Written by DFM Team


Digital Forensics & The Fraud Triangle

This feature article is all about how many forensic software applications predict fraud and corruption using heuristics based on the Fraud Triangle. This article will discuss some of the pitfalls of these algorithms, and what forensic software applications can do to improve accuracy.


A conviction for violating the Foreign Corrupt Practices Act (FCPA) carries severe consequences. Corporations as well as their offi cers, directors, stockholders and employees may be fi ned and imprisoned up to five years. In addition, convicted firms and associated stakeholders may be barred from doing business with the U.S. Federal Government. (United States Department of Justice) In the U.S. the FCPA bans bribing a government official to infl uence anyact or decision, and includes bribing an offi cial of a foreign government. In the UK, the Serious Fraud Offi ce (SFO) defines several types of corporate fraud. (Serious Fraud Office). The definitions span several “types” of fraud from corporate services, including false accounting, payments, travel, pay, allowances to gambling specifi c frauds like betting scams.




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Featured Book

Cyber Attack, Cyber Crime, Cyber Warfare - Cyber Complacency

Mark Osbourne's latest book covers all things Cyber. All proceeds from the book go to charity.

Meet the Authors

Andrew Harbison

Andrew Harbison is a Director and IT Forensics Lead at Grant Thornton

 

Coming up in the Next issue of Digital Forensics Magazine

Coming up in Issue 20 on sale from August 2014:


Big Data
Andrew Pimlott and his team at EY take a look at Big Bata risk, the creation of compliance data analytics dashboards, predictability fraud models that help predict fraud, cybercrime analytics and financial services analytics. Read More »

Programming the Wetware
Continuing on from the first part of his article Keith Scott suggests how certain aspects of human psychology and behaviour may offer ways to influence a user’s actions in the information realm. Read More »

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Dental Biometrics
Aqsa Ajaz takes a look at Dental biometrics and investigates how it is is used in forensic odontology to identify individuals based on their dental characteristics. Read More »

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Plus the usual Competition, Book Reviews, 360, IRQ, Legal

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