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People risk in 2019
February 2019, Security Services & Risk Management

Artificial intelligence has been around for some time now, but the ‘human element’ is going to cause some disruption in the more traditional HR space. It is said that HR practitioners only spend some 20% of their time working face-to-face with employees. Instead of the focus being on administration, as it is currently, time could in future be spent on increasing the return on investment for employees.

Jenny Reid
Jenny Reid

In 2019 iFacts will have operated as an independent company for 10 years. I believe that the reason for our growth is due to our awareness of change in the employee screening and background-checking market. 2018 saw some interesting legal changes for companies which perform employee screening processes in South Africa. The most important change has been the need for companies to be registered with the NCR.

Legislation has been lacking in our industry for some time. While some may debate the relevance of the requirement to be registered with a credit organisation, it is interesting to note that this requirement has been the case for employee screening companies registered with the NAPBS (National Association of Pre-employment and Background Screening companies) in the US for some years now.

The second area that I believe is going to be important and bring human resources and risk management closer together in 2019, is human intelligence. For the first time, I was asked to address this topic at the Pulse International Risk & Audit Conference in Vienna in December 2018, and the research findings have been intriguing.

Findings from the recent ACFE Report to the Nations highlight the need to be more in touch with the human element and the risks relating to the business. The following points are worth noting:

• Over half of the tips provided to uncover asset misappropriation schemes are provided by employees.

• Fraudsters who had been with their company more than five years stole twice as much as employees who had been employed for less than five years.

• Only 4% of fraudsters had a previous criminal conviction.

• 70% of corruption cases were perpetrated by someone in authority.

• 43% of perpetrators lived beyond their means.

Finally, I believe that the notion of hiring based on tertiary qualifications, is going to be challenged greatly in months and years to come. We only have to look at the recent débâcle surrounding John Steenhuisen’s matric qualification as being sufficient for him to serve in Parliament to know that there are elements more relevant to some positions than a mere degree.

For more information contact iFacts, +27 11 609 5124, jenny@ifacts.co.za, www.ifacts.co.za


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Further reading:

  • Trends for 2019
    February 2019, Technews Publishing, This Week's Editor's Pick, Integrated Solutions, Security Services & Risk Management
    Hi-Tech Security Solutions asks around to find out what we can expect to see happening in the security market in 2019.
  • The value of adopting TAPA’s warehousing standard
    February 2019, Technews Publishing, Security Services & Risk Management
    Hi-Tech Security Solutions looks at TAPA’s FSR (Facility Security Requirements) standards, which cover best practices for securing assets in storage.
  • AI delivers autonomous efficiencies
    February 2019, Technews Publishing, This Week's Editor's Pick, Security Services & Risk Management
    Active Track adds artificial intelligence to its people-tracking solution to transform it into an effective, streamlined management application.
  • Business resilience will be key in 2019
    February 2019, ContinuitySA, This Week's Editor's Pick, Security Services & Risk Management
    One of the most important trends to emerge in recent years is that it is increasingly difficult to identify individual risks in isolation, says Michael Davies, CEO, ContinuitySA.
  • Secure parking on major routes
    February 2019, This Week's Editor's Pick, Asset Management, EAS, RFID, Security Services & Risk Management
    Hi-Tech Security Solutions spoke to Phambili Gama, COO of Zimele Investment Enterprise Company about its Zimele Truck Stops and the security in place to ensure the safety of people and assets on the sites.
  • New release of AC2000
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    Johnson Controls’ latest CEM Systems’ AC2000 release goes beyond security to help mitigate health and safety risks.
  • SA fleet management report
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    IoT analyst firm, Berg Insight, says the installed base of fleet management systems in South Africa to reach 2,5 million units by 2022.
  • Data security sits at the heart of democracy
    February 2019, Cyber Security, Security Services & Risk Management
    A succession of high-profile government data breaches both locally and abroad has cast a stark light on the importance of effective public sector cybersecurity policies and protections.
  • Digital with a purpose
    February 2019, Security Services & Risk Management
    2019 is shaping up to be a year of reflection and re-imagination where we can strip away the hype and meaningfully consider the impact disruptive technologies are having on our society and how we’re going to respond.
  • Corporate fraud and insider threats
    February 2019, Cyber Security, Security Services & Risk Management
    Insider fraud and theft can often be more damaging to a company than risks from outside.
  • Corporate privacy in a selfie age
    February 2019, Cyber Security, Security Services & Risk Management
    Doros Hadjizenonos, regional sales director at Fortinet in South Africa looks at how CISOs can maintain corporate privacy even as employees adopt emerging technologies.
  • Significant differences in ­perceptions on state of digital trust
    November 2018, CA Southern Africa, Access Control & Identity Management, Security Services & Risk Management
    Nearly half of businesses admit to selling customer data, despite claiming data ­protection as paramount; consumer behaviour shows strong correlation between loss of business and lack of digital trust.

 
 
         
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