A look at some recent surveys and reports dealing with risk and compliance issues.

Pass the Fraud Data, Please: A survey of 400 fraud mitigation professionals by LexisNexis Risk Solutions found 84% of respondents said the fraud they uncover in their investigations crosses into multiple industries. It also found 87% saying they see a need for a universal and consistent way to describe fraud across all industries. Three-quarters said they would use information about fraud in another industry as an indicator of a potential issue to watch for in their own company and sector.

“The fact that data is not yet better shared across industries reveals an exposure for organizations that are combating millions in fraudulent activities each year by individuals and organized crime rings,” said Bill Madison, chief executive, insurance, at LexisNexis Risk Solutions. “Status quo fraud mitigation is not enough for fraud schemes that are becoming increasingly sophisticated. Sharing more data will enable organizations to be armed with more effective tools.”

Bring Your Own Policy?: A survey of about 450 health-care organizations by communications firm Spok Inc. found 51% of respondents said their organization doesn’t have a defined bring-your-own device policy.

Comfortably Audited: More than half the companies listed on the Russell 3000 index have had the same auditing firm for more than 10 years, with the average tenure being 16 years, according to research by data firm Audit Analytics.

Tighten Up: A report from Moody’s Investors Service concluded stronger regulatory standards put in place after the 2008 financial crisis have improved risk governance practices at the largest global banks, with nearly every bank now having a board-level risk committee separate from its audit committee.

Opaque View: A review of corporate and legal information for corporate transparency for 215 countries and territories by compliance services firm Arachnys found Turks and Caicos ranks last on the list—even below North Korea.

Death Decree: As the world of data security evolves and advances seem to indicate the password is on its last legs, a report from researchers at George Washington University and Stanford University says it may be time for the Federal Trade Commission to regulate the end of passwords and mandate improved authentication.

Safer IoT: The non-profit Online Trust Alliance is out with a framework to govern risks associated with the Internet of Things, finding that sustainability—the ability to support and protect a device after its warranty expires—is as critical to combating hacking as are security and privacy tools.

Blind Trust: A survey of more than 1,000 people by software firm Citrix and Wakefield Research found 88% of respondents said they don’t have trusted security software installed on their work devices, even though 69% said they feel having their personal information stolen is inevitable.

Outage Doubtage: An infographic from data center operations company Expedient on IT disaster recovery preparedness found 71% of respondents aren’t confident in their organization’s ability to restore data in the event of an outage.

Shifting Perceptions: A report from law firm Shearman & Sterling said a more robust attitude to investigating and prosecuting corruption in Latin American countries signals a fundamental shift and a growing lack of tolerance for wrongdoing.

Privacy, Latin Style: A report from law firm Morrison & Foerster and Bloomberg BNA looks at privacy and data security laws in Latin America and the Caribbean.

Source: The Wall Street Journal