Tag Archives: Rich Kando

The Newest Form of the Romance Scam: Corporate Insider Fraud Through Outsider Threat – How AI is Allowing Scammers to Make it Appear that Authorized Employees are Conducting Authorized Activity When the Opposite is True

by Tom Melvin, Rich Kando, and Kevin Madura

Left to right: Tom Melvin, Rich Kando, and Kevin Madura (photos courtesy of AlixPartners LLP)

Today’s most-concerning corporate romance is not on Coldplay’s kiss cam. Artificial-intelligence (AI)-enabled document creation, synthetic IDs, face swapping, and impersonated voice overlays have made online scams more dangerous and more ubiquitous than ever. Armed with those new tools, scammers once used them primarily to defraud individuals, with an estimated loss of $75 billion[1] is targeting corporate bank accounts and data repositories. Enter the corporate romance scam as a direct threat to two of a company’s most highly valuable assets: cash and data.

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Can you Develop a Culture of Compliance?

by Rich Kando, Sean Dowd, Robert Coffey, and Clark Perry

Photos of the authors

Left to right: Rich Kando, Sean Dowd, Robert Coffey, and Clark Perry (photos courtesy of AlixPartners)

I. Introduction

The Department of Justice and most global regulators encourage companies to invest in developing a “culture of compliance,” but should that be a CEO’s sole or primary focus when developing a company culture? It is a given for company CEOs—the ultimate culture carriers for their businesses—that employees should follow the law and act ethically. But businesses are about so much more than compliance. As a CEO, the culture you want to drive or maintain is likely one that inspires creative thinking or test-and-learn innovation to keep competitors on their toes, while also encouraging calculated risk-taking within certain limits and acting ethically.

The process to embed a desirable culture is the same regardless of the specific cultural focus. We believe achieving a strong culture is dependent on aligning the business model, operating model, organizational structure, and people strategy to the overall business strategy.

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