Kroll on the block

By Geert De Lombaerde Posted on March 9, 2010 at 10:10 am

The FT is reporting that several private-equity firms are interested in buying security firm Kroll — which runs its background-screening unit out of Nashville — in a deal that would see owner Marsh & McLennan take a loss of more than $500 million.

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Tags: acquisitions, dispositions, Kroll Inc., Marsh & McLennan Cos., private equity, security services  

Looking out for Canada

By Erin Lawley Posted on January 12, 2010 at 10:32 am

Kroll’s Fraud Solutions, a provider of data incident management and identify theft response services, is expanding its offerings in Canada.

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Tags: Canada, data security, identity theft, Kroll Inc., Kroll's Fraud Solutions  

Kroll names regional SVP

By Geert De Lombaerde Posted on July 20, 2009 at 11:36 am

Kroll’s background screening division has named Bryan Schueler senior vice president of its North American operations. Schueler was formerly with Xiotech in Minnesota.

“While no one can accurately predict the timing of a market recovery, we continue to invest strategically in our background screening business, positioning the company to take full advantage of the inevitable turnaround.” said Ben Allen, CEO of Kroll. “Bryan and Traci are ideally suited to lead our efforts around client retention, operational efficiency, and growth.”

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Tags: background checks, Bryan Schueler, executive appointments, Kroll Inc.  

Once more into the breach

By Kleinheider Posted on May 26, 2009 at 7:33 am

More and more, employees are making off with sensitive data from their employers:

Brill said Kroll already is seeing a higher rate of incidents involving employees taking sensitive company data — either before or after they’ve been let go — that they intend to use to better themselves with another employer or start a competing business.

Brian Lapidus, a colleague of Brill and the Nashville, Tennessee-based COO of Kroll’s fraud solutions division, said there were about 1,000 more data security inquiries to Kroll in December than just last July.

“We’re seeing more [data] breaches and we’re seeing more activity from those people who have been victims of a breach,” Lapidus said.

A study that Ponemon Institute LLC released last month found that more than 88 percent of all data breaches involved insider negligence, while the remaining 12 percent were the result of a malicious act. The study also found that the cost of data breaches to companies rose in 2008 to an average $202 per record compromised, up 2.5 percent from 2007 and 11 percent from 2006.

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Tags: fraud, information insecurity, intellectual property, Kroll Inc., layoffs