Ignorance cause of computer fraud
NZPA staff correspondent London Older managements’ ignorance of computers is the main reason why trusted employees are able to carry out large frauds, according to a report published by the Audit Commission.
The report, based on 77 cases of fraud involving more than one £1 million ($2.6M), said: “While new entrants in organisations are increasingly familiar with computing, middle and senior management are invariably not. The new generation is ready to grasp the
potential whereas others may fail to grasp the implications.” It said older management often did not realise how easily computers could be misused and security breached. Three of every four reported frauds involved un-
authorised altering of data and in most cases the opportunity to carry out the fraud should have been obvious to the company’s management, the report said. The Audit Commission said that even simple controls could eliminate many opportunities for fraud.
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Press, 2 April 1985, Page 30
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152Ignorance cause of computer fraud Press, 2 April 1985, Page 30
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