Trends in Data Analytics for Fraud. Join us on this episode of FraudCast as we discuss this with Steve Pesklo, President, Softlake Solutions. We answer questions such as: How can you use data analytics in fraud investigations? What is the best approach when initiating a data analysis investigation? What are the latest trends in data analytics? What should you look for when using data analytics for fraud? What are some example case studies for data analytics? And much more. YouTube link: https://youtu.be/khmF_KKi0bk Also see: * Call for Subject Matter Experts to become a guest speaker on FraudCast. * Helpful Speaker Tips for step by step instructions on the interview process.
Continue ReadingFraudCast – Bank Statement Review Automation
Bank statement review automation. Join us on this episode of FraudCast as we discuss this with Sam Bobley, CEO of Ocrolus. We answer questions such as: How can bank statement review be automated? What is OCR? What differentiates Ocrolus from traditional OCR solutions? What value does Ocrolus technology deliver? Who are Ocrolus’s customers? How does Ocrolus price its products? And much more. YouTube link: https://youtu.be/Qo_V_RvCEyE
Continue ReadingEmployers can use FBI database for real-time background checks
New video from PBS NEWSHOUR highlighting how: “Employers enrolled in federal and state “Rap Back” programs receive ongoing, real-time updates about their employees even after they are hired. They can keep tabs on things like encounters with law enforcement, even if those actions do not result in arrests, according to a report by The Intercept by Ava Kofman. Kofman joins Hari Sreenivasan with more details.” Video duration: 5:57 | Aired: 02/04/2017 | Rating: NR Link to the video: http://www.pbs.org/video/2365949861/ Related articles Babcock, E. (2016, December 15). Next Generation Identification (NGI) – Rap Back Service. Department of Justice Privacy Impact Assessment. United States Federal Bureau of Investigation (FBI). Retrieved from https://www.fbi.gov/file-repository/pia-ngi-rap-back-service.pdf/view … Read More
Continue ReadingNew COSO Guidance
There is new guidance just released on fraud risk management for COSO principle 8 and the full COSO framework. [Excerpt from the ACFE Forum] We are excited to announce the publication of the new Fraud Risk Management Guide, a resource jointly sponsored by COSO and the ACFE. This guide is an update to the previously released ACFE/IIA/AICPA publication, Managing the Business Risk of Fraud, and is designed to build on both COSO principle 8 and the full COSO Internal Control–Integrated Framework as a foundation for a comprehensive fraud risk management program. The Executive Summary of the guide is attached to this post. We’ve also created a website (ACFE.com/fraudrisktools) that provides interactive tools and other resources… Read More
Continue ReadingFraudCast – FCPA Compliance and Translation Considerations
FCPA Compliance & Translation Considerations Join us on this episode of FraudCast as we discuss this with Jay Rosen, VP of Legal & Corporate Language Solutions at Merrill Brink International, a United Language Group company. We answer questions such as: Where do translation services fit into the non-English language investigation protocol? How do most organizations attempt to deal with non-English language data? How should a global organization with potential risk exposure go about finding and vetting a qualified Language Solutions Provider (LSP)? And much more. YouTube link: https://youtu.be/-HsfrDixGZ8 Also see: Call for Subject Matter Experts to become a guest speaker on FraudCast. Helpful Speaker Tips for step by step instructions on… Read More
Continue ReadingFraudCast – Interviewing in Fraud Matters
Join us on this episode of FraudCast as we discuss interviewing and interrogations in the fraud environment with Mark Anderson, Director of Training & Development of Anderson Investigative Associates LLC. We answer questions such as: How important are interviews in the digital age? What are areas of emphasis required in a fraud subject interview? How important is rapport? And much more. YouTube link: https://youtu.be/I_EvmU_V9ow Also see:Call for Subject Matter Experts to become a guest speaker on FraudCast.Helpful Speaker Tips for step by step instructions on the interview process.Join us on this episode of FraudCast as we discuss interviewing and interrogations in the fraud environment with Mark Anderson, Director of Training & Development of Anderson Investigative Associates LLC. We answer questions such as: How important are interviews in… Read More
Continue ReadingFraudCast – Blockchain Technology for Compliance and Managing Risk (Part 2)
Blockchain Technology for Compliance and Managing Risk (Part 2) Join us on this episode of FraudCast as we discuss blockchain technology for compliance and managing risk with Ian Worrall, CEO of Encrypted Labs. We answer questions such as: How did you get started? How do you address people being skeptical about robots? Regulatory concerns? Private and/or government? And much more. YouTube link: https://youtu.be/Uw4gsd4z-pQ Also see:Unlocking Economic Advantage with Blockchain: A guide for asset managers (J.P. Morgan, 2016) PDFCall for Subject Matter Experts to become a guest speaker on FraudCast.Helpful Speaker Tips for step by step instructions on the interview process.
Continue ReadingFraudCast – Auto Fraud
Join us on this episode of FraudCast as we discuss fraud in the automotive industry with Todd Wolf, Vehicle Theft Investigator of the California Highway Patrol. We answer questions such as: Why is auto fraud an issue? Who are the victims in auto fraud scams? What are some of the red flags for auto fraud? How can you protect yourself from auto fraud? And much more.
Continue ReadingFraudCast – Blockchain Technology for Compliance and Managing Risk
Blockchain Technology for Compliance and Managing Risk Join us on this episode of FraudCast as we discuss blockchain technology for compliance and managing risk with Ian Worrall, CEO of Encrypted Labs. We answer questions such as: What is Blockchain Technology? How can it be used to reduce systemic Fraud? What is the competitive advantage of BigchainDB? And much more. YouTube link: https://youtu.be/8m9RblWfORM Also see:Unlocking Economic Advantage with Blockchain: A guide for asset managers (J.P. Morgan, 2016) PDFCall for Subject Matter Experts to become a guest speaker on FraudCast.Helpful Speaker Tips for step by step instructions on the interview process.
Continue ReadingFraud Risk Assessment
Specializing in antifraud for INSIDER THREAT & FRAUD MANAGEMENT. The first step in effective fraud management is the Fraud Risk Assessment. It provides much more than the inputs required for a risk-based annual audit plan. The results of the evaluation begin the process to allow for the determination of risk appetite, tolerance levels (+/- %), key risk indicators (KRIs), identification of anomalies, and the development of predefined management actions and communication strategy in response to exception reporting. Benefits of the fraud risk assessment include: Visibility into the organization’s fraud risk; Understanding of the risks by department and scheme; Prioritize antifraud efforts and allocate resources effectively by focusing on the risks… Read More
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