classic | mobile
Follow us on:
Follow us on Facebook  Share via Twitter  Share via LinkedIn
 

Search...
Hi-Tech Security Solutions Business Directory
Residential Estate Security Handbook 2018


Commercial crime under the spotlight
September 2002, Security Services & Risk Management

The consolidation of SAPS commercial crime squads into effective regional units will have a considerable impact on white-collar crime countrywide. Deputy national commissioner Louis Eloff said these units would specialise in more complex and potentially damaging crimes.

"This is not to say that smaller cases of fraud will not be adequately attended to. There is enough expertise to deal with issues such as forged and fraudulent cheques and other cases of fraud within SAPS to ensure that all cases are handled effectively. If necessary, difficult cases can be escalated to the specialised units." He said the new specialised units would be staffed according to the amount of white-collar crime in specific regions.

Tom Bouwer, who heads up the Business Against Crime commercial crime project, said consolidation of commercial crime squads into more effective regional units would go a long way to regaining control of white-collar crime. "There is no question that it is a very serious problem. At present, more than R40 bn a year is being siphoned off the economy by white-collar criminals - more than is being earned by the entire tourism industry. In addition, we have lost considerable amounts due to foreign investment not happening at the scale that we need to create jobs."

Howard Griffiths, managing director of private investigations company Griffiths and Associates, said white-collar crime had become a serious threat to the economy. "Based on our experience, I believe we need more and better trained commercial crime specialists in the South African Police Service, which the present restructuring seems to address." Responding to the latest KMPG fraud survey, which for the first time included the public sector, he said the massive 13% leap in employee fraud reported since the last survey in 1999, probably erred on the conservative side. "Every single one of our clients are reporting figures much higher than this and it was for that reason that we established a separate division of the company to address the problem." Griffiths said their experience had shown that as much as 70% of employees in some businesses acted dishonestly often leading to the demise of their companies.

While technology has been touted as the ultimate solution for putting a stop to commercial crime through new and improved computer systems, it has in fact become a two-edged sword, Griffiths said. "Despite all the safeguards in use today, computers have made it a lot easier for highly skilled computer experts to commit fraud on a gargantuan scale compared to their forebears who had to cook the books with pen and ink. "Through techniques such as rounding off small amounts to the nearest cent or five cents and diverting the proceeds to a bogus bank account, billions have been skimmed off the accounts on unsuspecting bank account holders."

He conceded that banks and other financial institutions had tightened up on accounting procedures but he said evidence uncovered by his investigators showed that fraud in general was still being committed on a massive scale. "The thieves are getting smarter and unless we can oppose them on an equal and level playing field, business is going to lose out," he concludes.

For more information: Howard Griffiths, Griffiths and Associates, 011 786 8556, or Tom Bouwer, Business Against Crime, 011 883 0717.


  Share via Twitter   Share via LinkedIn      

Further reading:

  • 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.
  • Reliability a fundamental in visitor management
    November 2018, Powell Tronics, Access Control & Identity Management, Integrated Solutions, Security Services & Risk Management
    With the rapid evolution of biometric technology, there are many options available in the marketplace that promise varying levels of performance.
  • Optimal selection of CCTV operators
    November 2018, Leaderware, This Week's Editor's Pick, CCTV, Surveillance & Remote Monitoring, Security Services & Risk Management
    Technology is often seen as the primary factor in the success of CCTV surveillance control rooms, yet Dr Craig Donald has seen new control rooms with the most up-to-date technology fail.
  • The latest X-ray scanning solutions
    November 2018, Technews Publishing, Asset Management, EAS, RFID, Security Services & Risk Management
    Hi-Tech Security Solutions asked three suppliers of X-ray scanning equipment for some insights into the latest products and their safety.
  • Managing business continuity and disaster recovery
    November 2018, Technews Publishing, IT infrastructure, Security Services & Risk Management
    Organisations are increasingly reliant on their IT systems and data, but they are faced with risks in the form of anything from accidental data loss, to deliberate acts of sabotage.
  • Velocity Audit
    November 2018, Excellerate Services , Security Services & Risk Management
    Excellerate Services has adopted an outcome-based service model which is underpinned by a Customer Experience (CXM) and SLA Management platform called Velocity Audit.
  • Smart cities spend less
    November 2018, Axis Communications SA, Government and Parastatal (Industry), CCTV, Surveillance & Remote Monitoring, Security Services & Risk Management
    A proactive management model allows cities to work smarter and save money while offering better services and results to their citizens.
  • What about the service level agreement?
    November 2018, Vision Catcher, This Week's Editor's Pick, Security Services & Risk Management
    Niall Beazley discusses the importance of a reliable service level agreement (SLA) if you want to rest assured in the long-term efficacy of your security installation.
  • The need for resilience in national infrastructure
    November 2018, Government and Parastatal (Industry), Cyber Security, Security Services & Risk Management
    The industries and infrastructure on which so much of our daily lives depend are deep in the midst of mass digitisation.
  • Smart home security services
    November 2018, Fidelity Security Group, Security Services & Risk Management, Products
    SecureHome enables you to view the status of your home security, quickly arm or disarm your alarm system, and receive alerts using your smartphone.
  • Smart city spending to soar
    November 2018, Integrated Solutions, Security Services & Risk Management
    IDC forecasts annual technology spending by Middle East and Africa smart cities to total $2.7 billion by 2022, with Dubai and Riyadh leading the way.
  • Powering the Internet of Everything
    November 2018, Pinnacle Instruments SA, Integrated Solutions, Security Services & Risk Management
    Cities around the world have set their digital transformation sights on uplifting healthcare, education and delivering quality utility and transport services while also prioritising public safety.

 
 
         
Contact:
Technews Publishing (Pty) Ltd
1st Floor, Stabilitas House
265 Kent Ave, Randburg, 2194
South Africa
Publications by Technews
Dataweek Electronics & Communications Technology
Electronic Buyers Guide (EBG)

Hi-Tech Security Solutions
Hi-Tech Security Business Directory (HSBD)

Motion Control in Southern Africa
Motion Control Buyers’ Guide (MCBG)

South African Instrumentation & Control
South African Instrumentation & Control Buyers’ Guide (IBG)
Other
Terms & conditions of use, including privacy policy
PAIA Manual
         
    Mobile | Classic

Copyright © Technews Publishing (Pty) Ltd. All rights reserved.