The fraud supply chain
bitsaboutmoney.com
The fraud supply chain
Theft and Fraud Prevention is important to protect against the risk of financial loss by an unscrupulous party.
Josh Kaufman • The Personal MBA: A World-Class Business Education in a Single Volume
For the most part, the gangs operate like corporations, with human-resources departments and complex bureaucracies. Prominent groups issue press releases (“We are pleased to announce that we have successfully encrypted Henry Schein’s network and extracted 35 Terabytes of sensitive data”) and have user-friendly homepages on the dark web, where victi... See more
Amanda Chicago Lewis • Secrets of a ransomware negotiator
The point is not that all banking is a fraud, but rather the more subtle point that we rely on the judgments of others when we decide whom to trust. For years, Madoff had been a well-respected figure in the investment community. Madoff’s fraud was possible only because so many people trusted him. The more people trusted him, the easier it was for M
... See moreTyler Cowen • The Great Stagnation: How America Ate All The Low-Hanging Fruit of Modern History, Got Sick, and Will (Eventually) Feel Better: A Penguin eSpecial from Dutton
The individual stories of people trapped in the mis-meshing teeth of institutional data-processing systems often have a bitterly Kafkaesque flavor to them, but the commercial impact is surreal, too; one frequently cited 2002 estimate places the annual cost to business of bad data beyond $600 billion, in the US alone.17 All this chaos, confusion and
... See moreAdam Greenfield • Radical Technologies
In the 2010s, supply chain innovation opened up lifestyle brands. In the 2020s, financial mechanism innovation is opening up the space for incentivized ideologies, networked publics, and co-owned faiths.