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



Credit(s)




Share this article:
Share via emailShare via LinkedInPrint this page



Further reading:

Putting secondary storage to work
September 2019 , IT infrastructure, Security Services & Risk Management
By 2022, more than 80% of enterprise data will be stored in scale-out storage systems in enterprise and cloud data centres, up from 40% in 2018.

Read more...
ContinuitySA offers Complete Continuity Practitioner in October
September 2019, ContinuitySA , Training & Education, Security Services & Risk Management
ContinuitySA is offering its popular five-day Complete Continuity Practitioner Programme on 21-25 October 2019 at its offices in Midrand.

Read more...
South Africans are urged to be aware when it comes to fraud
September 2019 , Home Security, Security Services & Risk Management
Recent statistics shows that while some forms of fraud are decreasing, there is a sharp increase in other areas.

Read more...
Edwards Public Address & Voice Alarm System
October 2019 , Security Services & Risk Management, Products
Carrier has added the Public Address & Voice Alarm (PAVA) range to its fire product offerings.

Read more...
ContinuitySA offers ISO 22301 Lead Implementer course
October 2019, ContinuitySA , Training & Education, Security Services & Risk Management
ContinuitySA is once again offer its five-day Certified ISO 22301 Lead Implementer course on 18-22 November 2019 at the company's Midrand facility.

Read more...
Preparing your data for PoPI
September 2019 , IT infrastructure, Security Services & Risk Management
When it comes to protecting any information, the way data is secured across the value chain needs to be addressed.

Read more...
A balanced, fair industry
October 2019 , Residential Estate (Industry), Security Services & Risk Management, Associations
PSiRA is focused on supporting the effective promotion and regulation of the private security industry.

Read more...
SOAR an essential part for security operations
October 2019 , Editor's Choice, Cyber Security, Security Services & Risk Management
MJ Strydom, MD of cybersecurity specialist company DRS discusses the challenges around the security incident response lifecycle.

Read more...
The importance of body-worn cameras in the workplace
October 2019 , CCTV, Surveillance & Remote Monitoring, News, Security Services & Risk Management
South Africans have far more agency over their security than they have realised in the past.

Read more...
Increase in Business Email Compromise (BEC) attacks
October 2019 , Cyber Security, Security Services & Risk Management
A new Mimecast ESRA report finds millions of spam, tens of thousands of BEC or impersonation attacks, dangerous file types and malware attachments being delivered to users' inboxes.

Read more...