Latest opinions that Angus Stewart has shared on Finextra

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Angus Stewart

CEO

www.e-solutions.uk.com

Member since

31 Aug 2010

Location

Needwood

View Angus Stewart's full profile

Angus's opinions

Are the banks next

Will the fallout from the News of the World scandal hit the banks next? It seems that not a day goes by without more revelations of hacking and data theft relating to the News of the World and its sister publications. The latest is that the Sun obtained information that Gordon Brown’s son has Cystic Fibrosis. With the newspaper having this informa...

13 July 2011 /security /regulation

POSSIBLY ILLEGAL, CERTAINLY IMMORAL

Possibly illegal, certainly immoral – Do insurance companies need to look again at their role in escalating premiums? The recent revelations by former Justice Secretary Jack Straw that he has been advised by senior executives within the car insurance industry that they receive “referral fees” from no win no fee personal accident legal firms is, in ...

29 June 2011 /security /regulation

TIME TO STOP SWEEPING INSIDER FRAUD UNDER THE CARPET

So, it’s official: employee fraud is marching north yet again! But is this crime one we’ll ever get to grips with? Listening to Richard Hurley of CIFAS on BBC Radio 4 the other day, I was left in no doubts as to the answer. It was resounding ‘no’. CIFAS will be unveiling their insider fraud figures for 2010 in the next few days, and they will reco

14 January 2011 /security /regulation

WHO WILL LEAD THE FIGHT WHEN THE AUDIT COMMISSION IS AXED?

Quangos aren't organisations that receive the best of press - even when they do a good job! The Audit Commission has had its fair share of critics over the years. But, unlike many quangos, it has played an important role - particularly in terms of ensuring local authorities in England remain accountable. In one of its final acts before being scrapp...

04 November 2010 /security /regulation

CRIMINALS TARGET TROUBLED UK LEGAL FIRMS

Shock. Horror. Criminal gangs are doing their utmost to hijack UK legal firms! No, we're not talking about the synopsis to a sequel to The Firm, John Grisham's best-selling novel about a US law practice that was a front for the mafia. We're talking about something much bigger, which has the potential to become a major problem for the legal communi

02 November 2010 /security /regulation

JEROME KERVIEL: IS HE THE SOCGEN VILLAIN OR FALL GUY?

Jerome Kerviel is a name that will linger long in the mind of banking and fraud professionals around the world, making the exploits of Nick Leeson and Robert Maxwell look distinctly amateur! His conviction in a Paris courtroom - for single-handedly bringing France's second largest bank to its knees through a series of Machiavellian insider frauds

11 October 2010 /security /regulation

YOUR 10-STEP PLAN FOR TACKLING INSIDER AND EMPLOYEE FRAUD

Insider fraud – a crime committed by members of staff – is now one of the biggest security threats posed to businesses in the UK. I estimate the cost to UK financial institutions is astronomical. Mortgage lenders and building societies lost more than £500 million in 2009 to this growing menance – and all the signs are this figure will rise in 201

29 September 2010 /security /regulation

CONFUSION HINDERS FRAUD FIGHT: TELL ME SOMETHING NEW!

Recently my attention was drawn to the comments made by a leading think-tank that claimed a “confusing hotchpotch” of reporting obligations is hindering UK companies in their fight against fraud. The Fraud Advisory Panel (FAP) is urging the government and UK plc to develop a more consistent approach to combating corporate fraud, which costs Britis

27 September 2010 /security /regulation

FAILING TO VET TEMPORARY STAFF WILL CREATE FRAUD HEADACHES!

If you're a business that regularly uses casual staff in order fulfil commitments to customers and keep running costs down, then you may wish to consider revising your business strategy! Why? Because you could be putting your organisation at serious risk from the growing menace of a phenomenon known as ‘insider fraud' - and could lead to your cust

20 September 2010 /security /regulation

LONDON PHILHARMONIC FD ORCHESTRATED MAJOR 'INSIDER' FIDDLE

It doesn’t matter who they are, or for whom they work – when an insider fraudster gets caught, it’s amazing how unsophisticated (yet alarmingly effective) the techniques they used to perpetrate their crime turn out to be! In recent days it has been the turn of the former financial director of the London Philharmonic Orchestra to make the headlines...

10 September 2010 /security /regulation