By

3 Instances Where E-Mail Mining For Fraud Detection…

Could’ve Prevented Financial Loss

Do You Recognize Any Of These Corporate Fraud

Headlines?Breaking

News

It’s ok if you don’t remember…

because we’ll give you all of the details!

The databahn Times

Mike Kail

Senior Netflix executive receives bribesCase # 1:

• Mike Kail was the former VP of Information Technology Operations

• Kail made a deal with IT service providers to receive bribes of 12% - 15% of the total deal value

• Kail earned $490,000 in kickbacks

• Netflix uncovered the fraud after Kail left

• Netflix uncovered e-mails discussing “referral fees”

• Kail got away with the crime because he was an upper-level employee

The databahn TimesBritish software company,

Autonomy, falsifies numbersCase #

2:• HP acquired Autonomy for $11.1 billion in 2012

• HP discovered Autonomy misrepresented its finances – by $5.55 billion

• HP filed a $5.1 billion lawsuit against Autonomy

• E-mails were discovered between the former CFO and founder

• Included the phrases “covered up” and “imaginary deals”

• E-mails were checked and the truth was discovered after the deal had gone through

The databahn TimesFormer law partner shares private

information with opposing attorneyCase #

3:

• A former law partner at Willkie Farr & Gallagher, Keila Ravelo, had suspicious communications with the opposing counsel

• Ravelo had an established friendship with the opposing counselor

• The law firm found e-mails and attachments concerning the American Express litigation

• The opposing counselor sent Ravelo documents secured under the American Express litigation protective order

What These Headlines Have In Common…

Besides Fraud

The frauds were all detected in the

company e-mail!

FRAUD

!

?

Proof of Fraud: Autonomy E-mail

From The Telegraph

E-Mail conversation between the CFO and founder

E-mail Mining Would Have Saved…

Time

Money

Median fraud duration in 2014 was 18 months

Median loss in 2014 was $145,000

*stats from Association of Certified Fraud Examiners’ Report to Nations

E-mail

Mining

ReputationYour reputation is immeasurable

Internal Fraud Can Happen To Any Company

Small Company

Large Company

You need to implement a proactive approach!

You’ve Seen Enough Fraud In The News...

YOU

Don’t become the next headline!

For more information, check out our blog at www.databahn.com/blog

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