Apr 03 2024 31 mins
What is insider risk, and how can it be detected? In this episode, Simon is joined by Dave Burroughs, a fraud and forensic investigations expert who spent 25 years in the FBI and continues to offer his expertise in fraud as a Partner at Stoneturn, a global professional services firm. They discuss all things insider risk: what it is, the motivations behind it, and the red flags to look out for.
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Key Quotes:
“Insider risk has a lot of definitions, but, generally speaking, it's really anyone (that could be an employee, a subcontractor, a fellow, a partner of the organization) who has access to information and or assets and maliciously or unwittingly exploits that access and basically exposes those assets.”
“[Company culture] is a key factor. Your technology is only going to take you so far.”
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Time stamps:
(01:37) What is insider risk?
(04:12) What motivates insiders to act nefariously?
(07:06) How company culture impacts insider risk
(08:31) Red flags to look out for
(12:32) What role does technology pay?
(16:06) Surprises and lessons from Dave’s time in the FBI
(21:10) The most interesting fraud case Dave has worked on
(24:14) The longest case he’s worked on
(26:33) How will the fraud landscape change in the next few years?
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Links:
Dave Burroughs on LinkedIn
Simon Horswell on LinkedIn
Onfido’s Identity Fraud Report
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