Incidents of white collar crime – from sophisticated, fraudulent scams, data theft and social engineering right through to advanced cyber attacks – still plague the hallways of South African companies and continue to drain profits.
Ironically, the same technology used as a platform for modern criminals can also be used to stop them. So claims Teryl Schroenn, CEO at Accsys.
Accsys is a provider of people management solutions and has been operating in this marketplace for over 25 years.
The company specialises in HR and payroll management, including key areas that impact on business growth such as time and attendance, access control, employee self service, biometric clock systems and eLearning, amongst others.
"White collar crime, as a concept, is not new, but today is accentuated through the use - or abuse - of technology. The fact is that information and communication technology has added a new dimension to what is a very difficult challenge facing many companies throughout several industries and sectors," explains Schroenn.
"People have always associated this form of criminal activity as being more sophisticated in comparison with other crimes, but no less serious."
Schroenn points out credible technology service providers, in the business of helping clients to extract maximum value from their investment, can make a substantial difference.
"There are solutions that encourage a thorough check on what takes place on HR and payroll systems, as well as managing access to physical and virtual space. With the correct partner in place technology can be used to control and regulate the situation," says Schroenn.
"One has to keep in mind that legislation such as the Promotion of Access to Information Act, the Electronic Communication and Transactions ACT or ECT Act, King II Report as well as the Regulation of Interception of Communications and Provision of Communication-related Information Act, all have an impact on workplace management. Aside from encouraging greater levels of efficiency and service delivery, these laws have been introduced to curb fraud and cyber crime," adds Schroenn. "Our aim is to support organisations and businesses in their efforts to comply with legislation, eliminate cyber crime and fraud, increase productivity, gain competitive advantage and improve the bottom line."
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