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Global Compliance Expert Lonnie Keene Joins Kroll Advisory Solutions - April 9, 2013
Kroll Advisory Solutions, the global leader in risk mitigation and response solutions, announced today that Lonnie Keene has joined the firm as a Managing Director in its Transaction Intelligence & Compliance practice. He will advise companies on their compliance programs and the solutions that Kroll can bring to their anti-money laundering, anti-bribery and international sanctions programs.
Keene has 25 years of transactional, compliance, government and market entry experience, having worked in virtually every facet of this practice area as a chief compliance officer, associate general counsel, attorney or in service to the U.S. government. He has particular expertise with matters relating to anti-money laundering (AML), OFAC and the Foreign Corrupt Practices Act (FCPA). Keene is based in New York and reports to James McWeeney, Senior Managing Director and Global Head, Transaction Intelligence & Compliance.
New Kroll Risk Assessment Tool Helps Healthcare Business Associates and Subcontractors Address HIPAA Final Rule Compliance - April 4, 2013
Kroll Advisory Solutions, the global leader in risk mitigation and response, today announced the release of its Business Associate HIPAA Self Risk Assessment (BA HSRA). Kroll’s self-guided assessment is based upon HIPAA provisions, security best practices, and guidance from the National Institute of Standards and Technology (NIST).
The HIPAA Final Rule solidifies stringent data privacy and security requirements for business associates (BAs) and subcontractors. Businesses that provide services to covered entities like hospitals and physician practice groups may not be familiar with healthcare terminology or HIPAA requirements. While BAs and subcontractors may perform very different functions than does a healthcare provider, they are still required to comply in full with the HIPAA Security Rule and may also be required to comply with certain aspects of the HIPAA Privacy Rule. Kroll Advisory’s risk assessment tool and its results are designed to help BAs and subcontractors across a vast range of industries identify vulnerabilities within their Administrative, Physical, and Technical Security safeguards and pinpoint privacy aspects where improvement is needed.
Kroll Advisory Solutions Named 2013 “Best Corporate Investigations” and “Best Law Firm Business Intelligence” Provider in National Law Journal Reader’s Choice Rankings - March 27, 2013
Kroll Advisory has been selected “Best Corporate Investigations” and “Best Law Firm Business Intelligence” provider in the Second Annual Best of The National Law Journal Reader Rankings of the nation’s top legal vendors and law schools. The titles, announced March 26 by The National Law Journal, represent back-to-back wins for Kroll in the two categories.
“The recognition two years in a row by our clients and colleagues in the legal industry is a tremendous honor,” said Robert Brenner, Senior Managing Director and head of Kroll’s North American Investigations & Disputes Practice. “Since our founding in 1972, Kroll has set the standard for managing large-scale international investigations, often in challenging and dynamic markets. Our mission is – and has always been – to help clients achieve a deeper understanding of the underlying facts in a range of situations and to assist with solutions.”
Kroll Releases White Paper That Argues Chinese Hacking may be the Least of Corporate Cyber Security Worries - February 26, 2013
Today, global investigations firm Kroll Advisory Solutions released a new whitepaper warning that U.S. corporations should not let recent Chinese hacking headlines distract them from the larger threat to corporate trade secrets and proprietary data: corporate insiders.
“The Insider Threat: Why Chinese Hacking May Be the Least of Corporate Worries” by managing director and Cyber Investigations practice leader Michael DuBose acknowledges the very real risk posed by Advanced Persistent Threats and other forms of hacking, but argues that they are not the most significant cyber threat facing companies today. Through a combination of research and high profile cases, DuBose explains how corporate insiders – from moles and opportunists to contractors and disgruntled employees – continue to exploit their positions within an organization to disastrous effect. DuBose also offers practical advice for corporations looking to minimize the risk of insider threats to their organizations.
Kroll Advisory Solutions Releases 2013 Cyber Security Forecast - December 20, 2012
Global investigations firm Kroll Advisory Solutions today released its 2013 Cyber Security Forecast, highlighting the most unexpected cyber issues organizations will confront in the year ahead and best practices for addressing them.
“Unless the Mayans are right, 2012 will end and 2013 will begin anew, and organizations across all industries will still be responsible for ensuring their data security practices are airtight,” said Alan Brill, senior managing director at Kroll Advisory.
Whistleblowing Cases Soar by 276 per Cent Since Beginning of Financial Crisis - October 30, 2012
Whistleblowing cases reported to the Financial Services Authority have increased by 276 per cent in four years, according to information1 obtained under the Freedom of Information Act by Kroll Advisory Solutions, the global investigations firm.
Kroll found that between June 2011 and May 2012 the FSA received 3,733 contacts to its whistleblowing helpline. This is a 189 per cent increase on the 1,293 calls to the helpline in the same period three years earlier (June 2008-May 2009) and a 276 per cent increase on the 994 calls made in the same period four years earlier (June 2007-May 2008).
98% of UK Private Equity Firms Agree That Traditional Due Diligence is Inadequate for Emerging Market Investment - October 18, 2012
The overwhelming majority of respondents to a new study on private equity in emerging markets report that traditional due diligence methods fall short in emerging markets. Key issues cited in these jurisdictions include difficulties in dealing with the political environment (60%), lack of transparency (56%) and dealing with bureaucracy (52%). Corruption (46%) and local infrastructure (42%) also rank highly on the list.
Despite these particular concerns, respondents often do not flex their due diligence methods appropriately when investing in emerging markets. The majority are taking a more detailed approach to the legal (100%), tax (94%) and financial (92%) elements, while far fewer are intensifying the commercial (34%) and the reputational (41%).
Significant Spike in Internal Fraud Over Past Year, Kroll Global Fraud Report Reveals - October 16, 2012
Internal fraud increased significantly, according to the 2012/2013 Kroll Advisory Solutions’ Global Fraud Report released today. This year’s study shows that over two-thirds of corporate frauds are committed by insiders, up for the second year in a row from 60 percent last year and 55 percent in 2010. Fraud continues to hit many global companies with more than six in 10 companies reporting they were affected by fraud last year. The findings are contained in a study commissioned by Kroll Advisory Solutions with the Economist Intelligence Unit of more than 800 senior executives worldwide.
$447M settlement in Alba’s Civil RICO action against Alcoa - October 10, 2012
Aluminium Bahrain, B.S.C. (“Alba”) announced that it has settled its racketeering and fraud suit against Alcoa Inc. in the United States District Court for the Western District of Pennsylvani for $447 million.
Kroll was retained by Alba in 2006 to conduct a broad-based fraud review of the company’s operations which uncovered the original evidence of alleged impropriety. Working with Mark MacDougall of the international law firm Akin Gump, the Kroll team assembled the evidence which formed the basis of the civil claims and quantified the alleged losses.
In its complaint, Alba alleges that the defendants made unlawful payments to officials in Bahrain in order to obtain long-term contract and pricing advantages in the sale of raw materials. At the request of the U.S. Department of Justice, the RICO case was stayed for nearly four years to allow for a parallel investigation under the Foreign Corrupt Practices Act to proceed.
“The settlement marks a milestone in Alba’s five-year effort to recover losses resulting from alleged corrupt payments,” said Tommy Helsby, Chairman of Kroll Advisory Solutions Eurasia.
Kroll Advisory Solutions Names Two Senior Global Business Development Leaders - October 3, 2012
Strategic roles filled by Michael Herman as SVP and Global Market Leader and Jeffrey Ignaszak as VP and Head of Global Marketing and Communications.
As SVP and Global Market Leader, Mr. Herman is responsible for identifying market opportunities and developing new and existing client relationships across the entire company. He reports to Kroll Advisory CEO and President Tom Hartley. In the newly created role of VP and Head of Global Marketing and Communications, Mr. Ignaszak assumes oversight responsibility for all of Kroll Advisory’s corporate marketing strategy, brand and thought leadership programs globally. He reports to Kroll Advisory VP & Global Strategy Leader Lee Kirschbaum.
Kroll Advisory Solutions Announces the Launch of its HIPAA Self-Risk Assessment for Covered Entities That Must Comply with HIPAA and HITECH Regulation Risk Assessment Requirements - October 1, 2012
Kroll Advisory’s assessment and its results will help covered entities and business associates identify vulnerabilities that may endanger Protected Health Information (PHI) within their IT systems, and recognize opportunities to improve privacy and security.
Questions based on the HIPAA Privacy and Security Rules, and HITECH Act implementation specifications have been segmented and mapped into a user-friendly format that also displays links to authoritative resources, helpful tips, and the regulations themselves. The final report, which documents completion of the assessment, includes overall scoring for an “at-a-glance” view, as well as full responses to each question, and guidance toward a better understanding of next steps.
Tom Hartley Named CEO of Kroll Advisory Solutions - September 17, 2012
Tom Hartley, president of global risk mitigation and response leader Kroll Advisory Solutions, has been named CEO of the business unit by its parent company, Altegrity, Inc.
In his expanded role, Hartley gains ultimate responsibility for Kroll Advisory's operations, performance and client service. He reports to Altegrity CEO Sharon Rowlands. Hartley assumes his new role from Phil Casey, who will continue to serve on the Altegrity Executive Committee and assist with key initiatives across the company.
Veteran Information Technology Expert Daniel F. Creedon Joins Kroll Advisory Solutions as a Managing Director - September 10, 2012
Based in Philadelphia, Creedon will be a senior member of Kroll’s Cyber Investigations Practice. He will oversee and expand Kroll’s IT risk assessment capabilities and proactive approach to data security and breach prevention.
A former Big 4 Partner and IT audit director, Creedon has led numerous security and information risk management projects for large, complex organizations, with a particular emphasis on financial services, insurance, healthcare and education clients. He has broad experience in security assessments to meet security and privacy compliance requirements. His background includes design and deployment of security monitoring and management systems and access control systems. Creedon has also assisted a variety of organizations with security risk management, development of security policies and the creation of security programs.
Kroll Advisory Solutions Marks its Seventh Year as the Proud Patron of the Dominic Simpson Memorial Trust (DSMT) - July 18, 2012
Now in its seventh year, the DSMT has achieved a wealth of initiatives in support of educational opportunity in the countries of the Middle East.
Over £260,000 has been raised to fund a number of educational projects in the Palestinian Territories, which include programmes for training kindergarten teachers (with The Early Childhood Resource Centre, East Jerusalem), awarding school and higher education scholarships (with The Dar El Tifl Girls School and Orphanage, East Jerusalem), and the sponsorship of work-related training programmes (with The YMCA Vocational Training Centre Jericho and Ycare International).
Pioneering Lawyer, Former Prosecutor and Best-Selling Crime Novelist Linda Fairstein Retained by Kroll Advisory Solutions as Senior Advisor
- July 9, 2012
Kroll Advisory Solutions, the global leader in risk mitigation and response, announced today that Linda Fairstein, the ground breaking former Chief of New York County’s Sex Crimes Prosecution Unit and best-selling author, has been retained as a senior advisor.
America’s foremost legal expert on crimes of violence against women and children, Fairstein will leverage her exceptional investigative and prosecutorial experience on behalf of Kroll and its clients, advising on corporate investigations, risk mitigation and best practices for creating ethical work environments. She will also consult with universities and other academic institutions on sexual assault prevention, response and crisis management.
Kroll FCPA Study Finds Gaps in Anti-Bribery Compliance at Multinational Corporations
- June 06, 2012
Despite a steady increase in Foreign Corrupt Practices Act (FCPA) investigations and enforcements over the last several years, the majority of corporate compliance officers at multinational corporations are confident in their anti-bribery compliance programs.
However, according to the Kroll Advisory Solutions 2012 FCPA Benchmarking Study, many still believe they are exposed to bribery risk and fall short on best practices with respect to third party screening, facilitating payments and political donations.
Former federal prosecutor and broadcast journalist Mary Fulginiti joins Kroll Advisory Solutions
- April 16, 2012
Kroll Advisory Solutions, the global leader in risk mitigation and response, announced today that former federal prosecutor and broadcast journalist Mary Fulginiti has joined as a managing director.
Kroll Retains Joseph Lambert Esq. as Senior Advisor
- March 1, 2012
Kroll Advisory Solutions, the world’s leading risk management company, announced today that it has retained Joseph Lambert Esq., formerly global general counsel of Deloitte Touche Tohmatsu, to serve as a senior advisor to the company.
DOJ Chief of Computer Crime and Intellectual Property Section Michael DuBose Joins Kroll as Managing Director, Cyber Investigations Practice Leader
- Feb. 21, 2012
Kroll, the world’s leading risk consulting company, announced today that Michael DuBose, formerly Chief of the Computer Crime and Intellectual Property Section at the United States Department of Justice (DOJ), has joined the firm as a Managing Director and Cyber Investigations Practice Leader.
Mayor Bloomberg Announces Results of First Ever National Investigation into Illegal Online Gun Sales
- Dec. 14, 2011
New York Mayor Michael R. Bloomberg, Police Commissioner Raymond W. Kelly and Chief Policy Advisor John Feinblatt have announced the results of an investigation into internet gun sales which found a vast and largely unregulated market for illegal guns, with 62 percent of private sellers willing to commit a felony by selling firearms to people who likely could not pass a background check.
The City had hired licensed private investigators supervised by the global investigative firm Kroll to conduct a series of online purchases.
Undercover videos of illegal gun sales along with the full report are available at www.nyc.gov.
Internal Fraud on the Rise, Kroll’s Annual Global Fraud Report Shows
- Oct. 18, 2011
Fraud remains predominantly an inside job, according to the Kroll Annual Global Fraud Report released today. This year’s study shows that 60 percent of frauds are committed by insiders, up from 55 percent last year.
Overall, fraud concerns among executives around the globe rose approximately 15 percent led by information theft and corruption and bribery. The findings are contained in a study commissioned by Kroll with the Economist Intelligence Unit of more than 1,200 senior executives worldwide.
Kroll Expands Toronto Presence with Three Senior Hires
- Oct. 6, 2011
Peter McFarlane and Jennie Chan have joined the firm’s Business Intelligence and Investigations practice as managing directors. Deborah Gold has joined as a managing director with Kroll’s Risk & Compliance group.
Legal Action Taken Related to Images Stolen From The Twilight Saga: Breaking Dawn
- August 1, 2011
Summit Entertainment communicated today that it has identified the principal hacker who earlier this year stole unreleased materials from The Twilight Saga: Breaking Dawn which were then distributed on the internet.
The investigation, which utilized the services of Kroll, spanned four continents (North America, South America, Europe and Australia) and has led to the town of Posadas in northern Argentina.
U.S. Senate Foreign Relations Deputy Staff Director Douglas Frantz joins Kroll as Managing Director
- August 1, 2011
Douglas Frantz, formerly deputy staff director and chief investigator for the U.S. Senate Foreign Relations Committee and a Pulitzer Prize-winning journalist, has joined Kroll as a managing director.
Based in Washington, D.C., Frantz will be a senior member of Kroll’s Business Intelligence and Investigations practice. In that role, he will advise law firms, corporate and government clients on a wide variety of domestic and international issues.
Altegrity Acquires CVM Solutions, Premier Provider of Supplier Management Solutions
- July 27, 2011
Altegrity, Inc., the parent company of leading data and information services, employment screening and investigative services providers, announced today the close of the acquisition of CVM Solutions, a leading provider of supplier management technology and data solutions.
CVM Solutions will become part of Kroll, an Altegrity subsidiary, which is the world's leading risk consulting company providing a broad range of investigative, intelligence, financial, security and technology services.
Kroll Expands Greater China Investigations Team with Dedicated Financial Investigations Practice
- June 2, 2011
Kroll has launched a dedicated Greater China financial investigations practice to be led by Colum Bancroft, who has joined Kroll as a managing director based in Hong Kong.
The Greater China financial investigations practice joins Kroll’s team of seasoned financial investigators across London, Dubai and New York, who have worked on some of the most prominent financial frauds and bank failures around the world.