Tag Archives | fraud

Binary matrix with glowing security lock

Using analytics successfully to detect fraud






KPMG’s Data Analytics Lead in South Africa, Frank Rizzo, predicts that using anti-fraud technology will […]

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Cyber security

Top Five (5) Fraud Trends in Nigeria’s Commercial Banks in 2016 – Part II






Social Media and Social Engineering Social Engineering is one of the most common means of […]

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Africa’s top 5 education priorities

Bank fraud on the rise











Fraud by collusion is increasing in the country, threatening businesses most especially in the banking sector, John Ndunyu, the KPMG country director, has said. “While cyber crime is not common in Rwanda, we are seeing increased tendency of fraud by collusion, especially in the banking industry,” Ndunyu said during the launch of firm’s 2013 fraud report in Kigali.

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Building a strong foundation for Africa – business continuity management & infrastructure resilience











Nowhere is infrastructure resilience more important than in Africa. As the continent once considered ‘dark’ emerges into a brilliant new era of growth and stability, much of her success will depend on the quality and resilience of infrastructure.

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Business in Africa – assessing fraud and corruption











In a sense such heat-maps already exist. The best known is probably Transparency International’s Corruption Perception Index. This index indicates the perceived levels of corruption in different countries by way of a deeper shade of red. According to this index, the morally “safest” places when expanding into Africa are Botswana (ranked the 30th least corrupt country out of 176 countries), Namibia (58th), Ghana (64th) and South Africa (69th).

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Can business be done ethically on the African continent?











The English philosopher Francis Bacon once claimed “opportunity makes the thief”. The implication is that people are not born thieves, but thieves are created in the moment, in situations where opportunities for thievery exist. A second and more unsettling implication is that anyone is potentially a thief. Criminologists working from the opportunity hypothesis also propose that crime is the result of a rational choice in which costs and benefits are weighed up.

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Annual long-term insurance industry update











KPMG is hosting its annual long-term insurance industry update event on Thursday 6 June 2013. The update involves, taking a look at the most topical developments currently affecting the long-term insurance industry. The course is aimed at financial directors and managers, risk and compliance officers, internal auditors and audit committee members.

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Economic Outlook: Africa











Over the past quarter, we have downwardly revised our forecast for the real GDP expansion of sub-Saharan Africa in 2013, 2014 and 2015. But to be clear, the overall trend is still positive, with real GDP growth increasing every year up to 2015, after which we expect the growth figure to remain at the same level in 2016.

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KPMG Barometer reports continuous decrease of fraud risk











According to the Fraud Risk Barometer, the occurrence of reported fraud has decreased from 503 in the first half of 2012 to 348 cases in the second half of 2012. It is the third consecutive period where a decrease in reported fraud and corruption …

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Business in Africa: Fraud and Corruption











Fraud and corruption will always be at the forefront
of the minds of those looking to invest in Africa. In this regard, the recently published KPMG Africa fraud Barometer for 2011 reported some telling statistics about reported fraud on the continent. The Barometer was developed “to form a bigger picture of fraud prevalence on the African continent”, incorporating data from available news articles on Africa and other designated databases. The Barometer compares fraud reports from the six months ended June 2011 to the six months ended December 2011.

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