E-COMMERCE
– – Cover bidding - where competitors
choose a winner and everyone but
the winner deliberately bids above an
agreed amount to establish the illusion
that the winner’s quote is competitive.
– – Bid suppression - where a business
agrees not to tender to ensure that
the pre-agreed participant will win the
contract
– – Bid withdrawal - where a business
withdraws its winning bid so that an
agreed competitor will be successful
instead
– – Bid rotation - where competitors agree
to take turns at winning business, while
monitoring their market shares to
ensure they all have a predetermined
slice of the pie
– – Non-conforming bids - where businesses
deliberately include terms and
conditions that they know will not be
acceptable to the client.
Conclusion
The above in no way covers all the ways in
which a dishonest character is able commit
fraud within the e-commerce area. To assist
in battling e-commerce fraud, I refer back
to one of my most common forms of advice
and that is for employers to spend the time
and find the budget to train your staff to
be alert to fraud. Other ways that you can
protect yourself are:-
• Source or create (and maintain) a Fraud
and Corruption Management Plan
David Napper
Executive Risk Advisor
Barrington Corporate Risk
“David has an extensive background
managing workplace risk, with over 30
years experience in public and corporate
safety. In recent times, David managed
the workplace risk and cyber threats for
US online trading platform eBay, being
responsible for Asia Pacific and Africa for
over a decade. Trained by the Hong Kong
Police in cyber investigation, David has
been hands on in his approach and has
supported law enforcement by training
regulators in numerous Australian and
Asian locations as well as working stints in
Nigeria and S outh Africa.
David currently works for Barringtons
Corporate Risk as a senior risk advisor
where he provides support to clients in
cyber threats, Work, Health & Safety and
other workplace compliances.”
• Regular Fraud awareness and ethics training
GOVLINK » ISSUE 2 2018
19