Audit

INVESTIGATION Audit report indicts NPA MD, Hadiza Bala-Usman of N20bn contract fraud

/ / Audit, Compliance, International, News, Nigeria

These are not the best of times for the Managing Director of the Nigerian Ports Authority, Hadiza Bala-Usman, as an audit report conducted by the Auditor-General’s office has allegedly indicted the her for various questionable transactions. Part of the recommendations include that the Bala-Usman-led NPA should refund about N5.18 billion to the Federation Account for […]

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Apple face-recognition blamed by New York teen for false arrest

/ / Audit, Compliance, Forensics, Fraud, International, News, Security

A New York student sued Apple Inc for US$1bil (RM4.12bil), claiming the company’s facial-recognition software falsely linked him to a series of thefts from Apple stores. Ousmane Bah, 18, said he was arrested at his home in New York in November and charged with stealing from an Apple store. The arrest warrant included a photo

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How Safe theFingerprint Biometrics Systems Are? By Ahmad Nadeem Syed

/ / Audit, Compliance, Fraud, International, Nigeria

My team member,looking very upset, came to tell me that he had just found three mobile connections registered in his name, whereas, he actually owned only one. Both of his disowned number was activated on same date in two cities over 100 Km apart and away from his native city. Smiling, I asked did he

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‘Android ad fraud drains phone battery’

/ / Audit, Forensics, Fraud, Governance, International, News, Security

A new report has uncovered a massive advertising fraud scheme that made scammers serious cash, fooled marketing companies and killed users’ smartphone batteries. The scheme operated via fake banner advertisements that were secretly hidden behind legitimate banner ads in Android apps, according to BuzzFeed News. ADVERTISEMENT This scam was previously spotted by at least two ad

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‘Inconceivable’ Autonomy founder unaware of fraud, court told

/ / Audit, Background Checks, Forensics, Fraud, International, News, Security

Mike Lynch, the founder of the software group Autonomy, was a “controlling and demanding individual” of whom it was inconceivable that he was unaware of the fraudulent practices alleged to have been taking place at his company, the high court has heard. The claims are included in the opening submissions of a civil claim brought by Hewlett

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