CONTACT . Jul 30, 2010

January 2010

IN THIS ISSUE:
 • In the Spotlight: Reducing Risks to People, Process & Technology in 2010, by David A. Linsky
 • Business Continuity & Disaster Recovery Planning,
by Michael Wanik, CPP, CBCP
 • Demanding Economy Causes Increase in Fraud,
by Michael Wanik, CPP, CBCP & Sara Sibley, CPA, CFE
 • Importance of Thorough Background Checks,
by Maribeth DiIulio
 • Social Networking Sites: An Investigator's Hidden Camera,
by Sara Sibley, CPA, CFE
 • National Standard for Data Protection,
by Michael Wanik, CPP, CBCP

QUICK LINKS:
 • www.sscintel.com
 • www.securessc.com

SSC - Reducing Risks to People, Process & Technology in 2010

2009 has been relegated to the history books and most businesses are happy to see it gone. It was a year of enormous economic turbulence and financial challenge for business. The necessary program cutbacks and downsizing impacted all aspects of security, risk analysis and hazard mitigation. These cutbacks range from physical and I/T security, to specific assessment of risk and mitigation associated with both natural and human causes.

Reducing Risks >

National Standard for Data Protection & Breach Notification Headed to Senate
by Michael Wanik, CPP, CBCP

The Senate Judiciary Committee approved the Personal Data Privacy and Security Act of 2009 (S.1490) by a vote of 15-5 on November 5, 2009. The bill that would implement a national standard for data protection and breach notification is now headed to the full Senate for consideration. The bill was introduced by Sen. Patrick Leahy (D-VT).

If the bill becomes law, it would require companies and government agencies to follow specific rules for protecting sensitive and personally identifiable data.

Data Breach >

Conference News

SSC is planning an Insider Threat Conference in Q2, 2010. This conference, with world class presenters, will help to raise awareness of risks that organizations face from trusted and former employees and contractors.

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Demanding Economy Increase in Fraud
by Michael Wanik, CPP, CBCP and Sara Sibley, CPA, CFE

There is an emerging need for prevention, detection and recovery strategies in the face of the increasing frequency of corporate fraud. SSC’s risk mitigation experts have predicted that the negative ramifications of a troubled economy and the implications of isolation, anxiety and stress, are all contributing factors to this growing problem.

Older methodologies address only the typical indicators of fraud, which include “pressure, opportunity and rationalization.” These are no longer sufficient, instead, a holistic view of the entire corporate security culture is necessary to prevent and detect fraudulent activities.

SSC and its Corporate Investigation and Intelligence division have closely monitored developments regarding the increases in fraudulent activity in corporate entities. At this time, SSC and other experts do not know the exact scope or impact of this trend; however, SSC is preparing for any and all possibilities on your behalf.

To do so, SSC has taken the following actions:

 • Aligned ourselves with strategic partners and top experts regarding evidence-based, severity-indexed best practices for fraud investigation. In today's business environment there is a greater need for organizations to understand and address fraud risks. The likelihood of fraud occurring can be reduced by implementing effective antifraud programs and controls that can identify fraud in a timely manner and minimize the resulting damage. Fraud prevention and detection also protects organizations against reputation harm and monetary loss.
 • Thoroughly validated SSC capabilities to ensure the delivery of essential services across a full spectrum of corporate security challenges.
 • Proactively communicated with our clients to adequately assess fraud exposure and coordinate action plans.
 • Adjusted internal and external communication planning, as well as enhanced our research, technological and communication capabilities.

SSC is currently conducting on-site fraud risk assessments. It is our strong belief that corporate entities need to assess and address fraud risk before they become a victim of it. Further, as this threat level unfolds, we will continue to offer communication, support, resources and strategies to empower our clients and partners at all levels.

Please contact SSC’s Certified Fraud Examiner, Sara Sibley, CPA to discuss how we can best support your objectives and protect your businesses reputation and profitability.

© 2010 SSC, Inc.

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