Powerchex managing recruitment risk

ISSUE 38 OCTOBER 2008

www.powerchex.co.uk

Welcome to this month's Powerchex update:

Also in this issue

• It will never happen to us. Will it?
• Aticles of interest
• FSA News
• Conferences & Events

This month we are delighted to be unveiling the new format of our newsletter, following the launch of our new website. We are also very pleased to have a true fraud expert as our featured author. I first met Steve Goad several years back, during a routine audit of the security procedures at Powerchex. Four hours into the visit, I had gained a new understanding of risk and to this day, I often quote Steve when a new risk scenario emerges. In his article Steve, discusses the implications of business espionage and the risks to financial organisations.

It will never happen to us. Will it?
By Steve Goad, Security management professional


It will never happen to us. Will it? When considering the deliverables they expect from their Security team few executives ever map combating business espionage onto their radar. Indeed the term may be at best loosely understood and the probability is that the risk will be seen as something solely affecting others. The perennial need to validate time spent on Security against measurable risk and fiscal impact is never more difficult than when persuading of the need to protect against a seemingly nebulous threat. After all isn’t business espionage the domain of James Bond and fiction?

So what are we talking about? Business, corporate, industrial and corporate espionage are terms used to describe acts of subterfuge carried out for a commercial purpose rather than for national security. These terms are sometimes confused with business or competitive intelligence which is generally the legitimate use of open source public information to analyse business competitors and the market place.

Read this article in full


Steve Goad
 


About Steve Goad

Steve Goad is a security management professional, Certified Fraud Examiner and Member of The Security Institute with over 26 years experience in his field. He currently manages security risk and investigations in the financial services sector with responsibilities for a portfolio covering corporate governance, physical and third party security, risk consultancy, vetting, fraud investigation, awareness and business continuity. read full biography

 

Articles of interest

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Powerchex is very proud to announce that our very own summer student Andrew McIntosh, has been awarded "Most enterprising student for Southern England" in this year's Shell Step awards. Andrew will be battling it out for the National title on October 21st.

South of England undergraduates bid for the title of "UK's Most Enterprising Student"
Shell, 19 September 2008

First ID cards are to be issued within weeks
Times Online, 25 September 2008

Powerchex Launches New Corporate Website
PRLog, 19 September 2008

Powerchex awarded Knowledge Transfer Partnership (KTP)
18 September 2008

'Robin hood' bank manager took £7m to give to poor
Telegraph, 17 September 2008

Background checks on social networks 'a horrible practice'
Cheezhead, 11 September 2008

FSA News

View more articles


Mansion House speech
Speech by Callum McCarthy at the The City Banquet, The Mansion House, London
18 September 2008

Financial crime and market stability
Speech by Philip Robinson, Financial Crime & Intelligence Division Director 26th International Symposium on Economic Crime
3 September 2008

Conferences & Events

View more events

The FSA has said, "Once an employee has attained competence, a firm must ensure that the employee remains competent ... It is important that training to maintain competence is effective and purposeful".

CityHR Annual Conference
London, 4 November 2008

Selecting the Right People for your Organisation (Morning)
London, 6 November 2008

Mitigating People Risk: Applying Theory to Practice
SII, London, 11 November 2008

Courageous Conversations
Cranfield School of Management, Bedfordshire, 11 - 13 November 2008

The return on investment (ROI) on employer branding
HDA, London, 12 November 2008

How to be Strategic in HR: Developing your HR Strategy
JSB Training and Development, London, 19-20 November 2008

All roads lead to governance
Securities & Investment Institute, London, 2 December 2008

Organisational Restructuring
JSB Training and Development, London, 2 - 3 December 2008

Awards

Gun Court 70 Wapping Lane London E1W 2RD
tel: 0870 710 3000 / 0207 767 2400 email: info@powerchex.co.uk

www.powerchex.co.uk

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