Closely managing your business risk to protect reputation and value
In today's increasingly complex business environment, organisations face numerous challenges and risks – often when they can least afford to deal with them.
The ever-growing use of the internet, fully automated accounting systems and electronic funds transfers have all dramatically increased the likelihood of corporate fraud. Equally, and by its very nature, the amount of electronically stored evidence is also growing at the same rate.
The detection and minimisation of fraud is now an integral part of protecting business. We’re more aware of the risk of fraud, after seeing recent, high-profile examples in the not-so-distant past with the likes of Enron and WorldCom. Today, many regulatory authorities and companies – both inside and outside New Zealand – are looking to continuously improve fraud risk management procedures as well as vigorously pursue instances of fraud.
Similarly, in almost all modern dispute resolution, and in particular employment and regulatory disputes, computer forensic specialists play a fundamental role. While historically most requirements were to identify and locate a specific piece of evidence, we are increasingly seeing a more general and perhaps onerous request for electronic discovery being made, often with the results needed in a very short timescale.