Organisations, Control Systems and Fraud

Suresh Cuganesan; David Lacey

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Journal article

Organisations, Control Systems and Fraud

Suresh Cuganesan and David Lacey

Journal of Law and Financial Management, Vol.6(2), pp.14-21

2007

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Abstract

Banking, Finance and Investment

Law

Accounting, Auditing and Accountability

identity fraud

performance measurement

performance management

This paper examines how organisations are responding to the threat of identity fraud and the challenges that they face in doing so. Quantitative data were collected from 29 Australian organisations. The majority of organisations sampled emphasised the 'anticipation' of identity fraud and, in particular, activities performed in relation to prevention, deterrence and detection. Furthermore, organisations with more sophisticated preventative controls reported lower losses. Counter-intuitively on first glance, organisations with higher detection capabilities reported higher losses (other things being equal). The contributions of this paper are two-fold. Firstly, a framework is presented that both operationalises the identity fraud construct and facilitates the measurement and understanding of organisational responses in terms of a 'value-chain' of activities. Secondly, exploratory evidence is presented on how organisations are responding to identity fraud and the efficacy of these responses.

Details

Title: Organisations, Control Systems and Fraud
Authors: Suresh Cuganesan (Author) - Macquarie University
David Lacey (Author) - Macquarie University
Publication details: Journal of Law and Financial Management, Vol.6(2), pp.14-21
Publisher: University of Sydney
Date published: 2007
ISSN: 1446-6899
Organisation Unit: Cyber Institute; University of the Sunshine Coast, Queensland
Language: English
Record Identifier: 99450082302621
Output Type: Journal article

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