Spector 360 Hailed as 'Tech That Combats Employee Fraud' --BusinessWeek: Monitoring More Valuable Than Ever in Economic Downturn

BusinessWeek article, entitled "Tech That Combats Employee Fraud," reported that SpectorSoft's popular software is especially valuable for organizations in an economic downturn.

Vero Beach, FL (PRWEB) March 19, 2009 -- SpectorSoft Corporation (www.SpectorSoft.com), the worldwide leader in Internet Monitoring and Surveillance Software, announced that Spector 360, its flagship employee monitoring solution, recently was featured in the online edition of BusinessWeek.

The article, entitled "Tech That Combats Employee Fraud," reported that SpectorSoft's popular software is especially valuable for organizations in an economic downturn, and that Spector 360 can help "raise red flags" of abuse and waste. According to the article, "instances of fraud rise during recessions as employees become financially desperate or disgruntled during tough economic times." One recent survey found that two-thirds of executives expected accounting fraud to increase during the next two years.

Author Rachael King noted, "To help avoid cases of worker fraud, companies are increasingly using monitoring and tracking software." In addition, King highlighted two SpectorSoft customers who use Spector 360 to combat employee fraud and Internet abuse.

SpectorSoft customer Thomas Vanderbilt Communications uses Spector 360 to monitor financial fraud and adherence to confidentiality agreements it signs with clients. According to the article, "The software, made by SpectorSoft, proved especially valuable when it sniffed out dummy expense reports being created by a new accounts payable clerk."

The article also described how Spector 360 helped one customer, IMV Projects, recoup at least 10 hours of work per year from each of its 650 customers. IMV estimates that the "increased productivity amounts to at least $195,000 per year."

The BusinessWeek article also pointed out that during a recession employees tend to spend more "production-sapping" time surfing the Internet for personal reasons. According to King, "Software that monitors keystrokes can potentially find those red flags."

More About Spector 360

Spector 360 dramatically increases employee productivity while minimizing liability, IT costs, and data loss by answering previously impossible or hard-to-determine questions such as:

Which employees spend the most time working and which spend the most time goofing off?

Who is leaking company confidential information via chat, web mail or removable media
such as flash/USB drives, DVDs, or CDs?

Which employees spend the most time surfing and EXACTLY what do they do on those sites?

What do employees search for on popular sites like Google, MSN, and Yahoo?

When do they login? When do they logoff? Are they taking extended breaks?

Spector 360 was awarded Editors' Choice by PC Magazine in its September 2008 print edition. In giving the employee monitoring software product four and a half stars, author Matthew Sarrel called Spector 360 "better than anything else I have tested" and "mature." Spector 360 also has been recognized as "Best Software Solution" by Everything Channel Business and Technology Integrators.

A complete description of the recording and reporting capabilities of Spector 360 is available at: http://www.spector360.com. Online demos of Spector 360 can be accessed at: http://www.spector360.com/OnlineDemos/index.htm.

For an evaluation copy or Spector 360 or an interview with a SpectorSoft executive, please contact Kasey Sellati at (772) 770-5670 or press(at)spectorsoft.com.

About SpectorSoft

SpectorSoft develops, markets and supports PC and Internet monitoring and surveillance products for education, business, government and home users, including Spector Pro, eBlaster, Spector Pro mac, eBlaster mac, Spector CNE Investigator, and Spector 360.

More than 50,000 companies and more than 500,000 consumers have purchased SpectorSoft solutions to crack down on Internet abuse in their business or home, and SpectorSoft has made the prestigious Inc. Magazine List of Fastest Growing Private Companies in the U.S. four times in the past five years. SpectorSoft monitoring technology is a THREE-TIME winner of the prestigious PC Magazine Editors' Choice Award.

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