Luppo risk tracker 18 10 2017

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Newsletter 31 18 October 2017

Border Controls Germany, France, Austria, Sweden, Denmark and Norway told their Schengen zone peers they will extend border controls until mid-May 2018. The reason : the tense security situation in Europe with regards to international terrorism and the still inadequate protection of our external borders Business Impact : disruptions to travel and trade, mainly traffic jams at borders. Long term situation : Border checks have become the new reality over the last two years and EU-countries are working on changing its laws to allow for the introduction of such measures more easily and for longer periods.


SCAM alert

Warning: Online Marketplace Fraudster are targeting Jobseekers. Fraudsters are advertising bogus online sales roles on job vacancy websites in the hope of attracting unsuspecting jobseekers. Once a jobseeker has shown interest, the fraudsters tell them they will be selling goods on the company’s behalf; often the goods are cars or machinery but they could be anything. Jobseekers are also instructed that they must use their own personal pre-existing bank accounts and payment methods, as well as their own online marketplace accounts. Once the victim has transferred their money to a bogus escrow provider, no goods are ever received and all contact is severed. This leads to a financial loss for the buyer of the goods as nothing is ever received. Likewise, the recruited jobseeker receives none of the promised payment for their work as originally stipulated in the bogus advert.

Impact on businesses : Employees could perform this job while working for your company, because most of the work is done on the internet (advertising), and can be performed after working hours or during weekends. The risk is that these employees use your companies online marketplace accounts, and eventually, the risk is that they damage your brands image/name. Report Luppo provides advice on handling this risk


How Outsourcing can be a risky adventure In order to reduce costs, some companies rely on subcontractors who provide services or produce specific parts or items on the basis of technical specifications defined by the contractor or in consultation with the contractor. By delegating part of its activities to a third party, a company provides potentially strategic information. This possibility of obtaining sensitive data may encourage some foreign countries or companies to propose subcontracting contracts to French and European companies through cheap prizes for this sole purpose.

This report, produced by the French Interior Ministry, shows that several foreign countries / companies are stepping up their efforts with French and European companies in order to obtain subcontracting contracts and subsequently carry out such operations.

You can read the report here

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