Category Archives: Risk

FraudCast – Identity Theft Resource Center

Meet Eva Velasquez, CEO of the Identity Theft Resource Center (ITRC). Join us on this episode of FraudCast as we discuss identity theft with Eva. We answer questions such as: What is the scope of identity theft? What are the impacts of identity theft on the victim? How does ITRC work with the victims to alleviate these burdens? What can we do to help with awareness and prevention for identity theft? And much more.


YouTube link: https://youtu.be/Kz-1Vf0A-hM


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.

 

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Filed under Compliance, FraudCast, Identity Theft, Interviews

FraudCast – Bank Statement Review Automation

Bank Statement Review AutomationBank 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

 


 

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Filed under Compliance, data analysis, FinTech, FraudCast, Interviews, Videos

Employers 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

pbs-newshour-employers-can-use-fbi-database-for-background-checks

Link to the video: http://www.pbs.org/video/2365949861/


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Filed under Compliance, data analysis, Uncategorized, Videos

New COSO Guidance

coso-fraud-risk-management-guide-sept-2016-coso-acfe-cover-pageThere 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 to assist in implementing the practices put forth in the guide. We hope you find this new guide a valuable resource in assessing and improving your organizations’ fraud risk management programs.

——————————
Andi McNeal CFE, CPA
Director of Research
Association of Certified Fraud Examiners
amcneal@acfe.com
——————————

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Filed under Compliance, Corporate Fraud, Download, Models and Templates, Occupational Fraud, Reports, Resources, Risk

FraudCast – FCPA Compliance and Translation Considerations

FCPA Compliance & Translation Considerations

Are you at risk in FCPA compliance and translation?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

 


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September 1, 2016 · 7:00 pm

FraudCast – Interviewing in Fraud Matters

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


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Filed under Compliance, Deception, FraudCast, Interviews, Methodology, Videos

FraudCast – 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

 


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July 20, 2016 · 9:14 pm

FraudCast – Auto Fraud

Are you at risk for AUTO FRAUD?

Are you at risk for auto fraudJoin 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.

 

 

 


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July 6, 2016 · 10:08 am

FraudCast – 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

 


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June 24, 2016 · 3:09 pm

Fraud 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 with the greatest impact and likelihood first;
  • Quantify impact and likelihood for COSO Enterprise Risk Management (ERM);
  • Benchmark for Key Risk Indicators (KRIs); and
  • Specific product recommendations for Information Security (InfoSec) authentication risks to mitigate the occurrence & impact of cyber-attacks.

Our proprietary risk assessment consists of two main parts:

  1. We ask a myriad of questions through a questionnaire and those answers become the inputs for our statistical model. The resulting report is an approximately 45-page detailed statistical fraud risk report; and
  2. An in-person evaluation that consists of interviews, walk-throughs, document review, and observation. The resulting report will highlight the primary fraud risks and provide recommendations specific to your organization.

Organizations with a fully implemented antifraud program can begin to shift from a purely reactionary response to a proactive model where prevention is the focus. We can address any of the following areas to help you get to the next level.

Global Antifraud Program

 

Request a Consultation today.


 

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Filed under Compliance, Methodology, Occupational Fraud, Reports