In a study conducted by Pratkanis for the Consumer Fraud Research Group, he writes that investment-fraud victims seemed to be actually more knowledgeable about investing than were nonvictims, supporting the adage that a little knowledge is a dangerous thing. He also describes the phenomenon of “mass customization,” in which con artists find out all they can about a customer and tailor their tactics to the person. One fraud artist who learned that a victim was religious managed to gain the woman’s trust by praying with her at the beginning of every conversation.@ The study is available via SM Online.
A new report from the Center for Strategic and International Studies (CSIS) highlights corruption as a priority area for both the private sector and development implementers. The report, The Costs of Corruption: Strategies for Ending a Tax on Private-sector-led Growth, says that reducing corruption should be a major focus of development assistance and diplomacy, but of trade coalitions and business community efforts as well.
The National Institute of Standards and Technology (NIST) has released the preliminary version of its cybersecurity framework for critical infrastructure. The voluntary guidelines were crafted by NIST with the help of private sector input and engagement with industry stakeholders. The final version of the framework is due in April.