Fraud Risks for SMEs
Welcome to the March edition of our newsletter !
Thank you to everyone who came to see us at the Business Shows earlier this month, and to all the attendees at the seminar that we gave on ‘Why Cyber Security isn’t just the responsibility of your IT Provider’. It was a good interactive session with a lively debate on the challenges that companies face in understanding and dealing with the size of the risk. As we’ve highlighted in previous newsletters, cyber crime is unfortunately here to stay and prevention continues to be far better than the cure. If you missed our presentation and would like us to talk to your organisation to discuss solutions with you, then please contact us on 01926 800710.
Fraud comes in many different forms and, like cyber crime, can occur both internally and externally to an organisation. This great publication from the Metropolitan police, entitled The Little Book of Big Scams, identifies scams that SME’s in the UK can experience and advocates a risk based, process driven approach to the identification and mitigation of potential issues. Many of the those described in this publication can be identified by using the Risk Evolves developed RIMES Process. Email us at email@example.com for a no obligation discussion on how we can help to identify risks within your organisation.
Changes in Data Protection
The ICO have recently announced their Data Protection Conference for SMEs: protecting your data and your reputation to be held at their SME Conference at the NEC next month. This is ahead of major changes to data protection regulations due to come into effect in 2018. More details can be found here or to register for the conference here. If you’re planning to go then please let us know as we’ll be in the audience as well! The ICO have also released an information leaflet to help your business prepare for the changes, which can be found here.
Should we stay or should we go?
No one can have missed the fact that the referendum on whether the UK should remain in or leave the EU takes place in June. Is it the greatest risk to face the UK or are there new opportunities? In case you have missed the debate, there is plenty of information on the advantages and disadvantages of staying or leaving on a myriad of websites. The FT leads the way with a dedicated web page on everything EU here.
In the News
Once again, following the introduction of the 2015 Act, modern slavery has been in the news, this time allegedly affecting two other household names: Nestle and Jacobs Douwe Egberts. The Institute of Risk Management and Anti-Slavery UK issued this joint statement, highlighting the obligations for companies to be aware of all aspects of their supply chain.
Out and About
We’re on the road again next month, in a manner of speaking! We will be on BBC Coventry and Warwickshire radio on the 1st April with Brody Swain, after midday.