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Are fraudsters afoot? Have IT search for these email phrases

Rich Coleman
by Rich Coleman
January 11, 2013
  • Accounting
  • Finance Technology
1 minute read
  • SHARE ON

Would you believe the phrase, “They owe it to me,” is dangerous?

Ernst and Young, in collaboration with the FBI, conducted research that found that the phrases “grey area,” “nobody will find out,” and the aforementioned “they owe it to me” are among the top terms used by employees in emails discussing fraud.

Rashmi Joshi of Ernst & Young’s Fraud Investigation & Disputes Services told Computer Weekly that companies can be proactive in searching emails for these red flags instead of waiting for those emails to be seized by investigators after the damage is already done.

Ernst and Young also has a software program that monitors employees’ emails specifically to catch over 3,000 phrases that typically signal fraud.

According to the firm, the top 15 phrases are:

  1. Cover up
  2. Write off
  3. Illegal
  4. Failed investment
  5. Nobody will find out
  6. Grey area
  7. They owe it to me
  8. Do not volunteer information
  9. Not ethical
  10. Off the books
  11. Backdate
  12. No inspection
  13. Pull earnings forward
  14. Special fees, and
  15. Friendly payments.

 

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