The average size of each pharmaceutical theft incident in U.S. so far in 2012 has been about $120,000. Compare that to just four years ago, in 2009, when the average incident resulted in losses of about $4m. That is an astonishing reduction of more than 30 times in just four years. Furthermore, the number of incidents during the same period has been cut in half. What is the cause of this phenomenal success?
Although the Foreign Corrupt Practices Act has been in effect for 35 years as of Dec. 19, many companies still have a long way to go in complying with it. Indeed, 44.6 percent of professionals say either that their companies are not making improvements to prevent and detect corrupt activity or that they don't know if their company is doing so, according to a survey by Deloitte.
On its way back to the U.S. from China, might manufacturing take a detour into Mexico? Does our neighbor south of the border stand ready to quash the Great American Industrial Revival?
Wal-Mart Stores reported that its investigation into violations of a federal anti-bribery law had extended beyond Mexico to China, India and Brazil, some of the retailer's most important international markets.
A ring of Canadian thieves who were caught with 30,700 stolen payment-card numbers is providing a view inside the process of tampering with PIN pads - and it's not pretty. On November 9, Toronto police said a five-man gang had tens of thousands of stolen card numbers on PCs and USB thumb-drives, along with at least a dozen stolen POS devices.
Global opposition has forced the European Union to conditionally freeze its emissions trading scheme for one year. EU Climate Commissioner Connie Hedegaard said she is seeking to create "a positive atmosphere" for global talks concerning aircraft emissions management - an approach lauded by many in the aviation industry.