In 2014, Joel Squadrito’s company incurred $3 million in losses from economic crime. By 2015, Squadrito and his security team at Steel Dynamics Inc. had reduced that figure to less than $50,000.
The key, Squadrito and other experts say, is a proactive approach to the problem. And general counsels, particularly as more and more assume the title of chief compliance officer, often can become involved in the matter and help ensure that the risks are properly managed, they added.
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