Lessons in Risk From "Jack and the Beanstalk"

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Lessons in Risk From "Jack and the Beanstalk"

In her session titled “Root Cause or Causal Factor: Why It Matters” at the 32nd Annual ACFE Global Fraud Conference, Susann Ng, CFE, illuminated the difference between causal factor and root cause analysis. Causal factor is more granular in nature. It’s always backward looking, and there’s usually more than one contributing element. Whereas root cause is one key, underlying element of an event.

When fraud examiners understand both the causal factors and the root cause of an undesirable event, they can understand what and how something went wrong or what produced the unexpected outcome. They can then use those insights to design and implement control improvements.

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Seen on the Screen: Forging Ahead in the Fight Against Fraud

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Seen on the Screen: Forging Ahead in the Fight Against Fraud

“So far, the session that has left the greatest impression on me is ‘Seeing What You Want to See: How Confirmation Bias Affects Fraud Examinations.’ It was helpful to examine my own bias, how it could hinder a fraud investigation and what I can personally do to make sure I remain objective to the facts of the case. I will definitely use this information immediately.” — Ugunda Toussant, CFE, Senior Investigator at Kinecta Federal Credit Union

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Deep Fakes and Social Engineering: Emerging Threats

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Deep Fakes and Social Engineering: Emerging Threats

Humans communicate. It’s what we do. It’s what we’ve always done. At its most basic level, communication is simply the exchange and transference of information. Since the very beginning, humans have also been trying to hide, obfuscate and muddle information to keep it from getting to the wrong audience.

During his session titled “The Future of Cybercrime: AI, Deepfakes and Beyond,” Dominique Brack, CFE, CISSP, CISA, provided attendees of the 32nd Annual ACFE Global Fraud Conference with a brief but thorough history of information security.

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Seen on the Screen: Reshaping and Relearning

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Seen on the Screen: Reshaping and Relearning

“Technology has continued to advance and enable remote collaboration better than ever while we are all still physically apart — a silver lining to the pandemic! I have appreciated technology and video conferencing enabling more frequent and timely collaboration with fellow anti-fraud professionals, such as through the remote roundtable discussions provided by the ACFE for Corporate Alliance members and through Discord at the Global Fraud Conference.” — James Rumph, CFE, Sr. Director, Enterprise Anti-Fraud Team at Nationwide Insurance and Chairperson of the ACFE Chapter Leaders Committee

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Seen on the Screen: Break Through

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Seen on the Screen: Break Through

“As a risk and compliance professional in the banking industry, it is essential for me to stay informed and keep up to date on the latest developments in this space. This is the first time I am attending the annual Fraud Conference, and I look forward to a lot of learning and networking. See you there!” — Deepa Ramsunder, CFE, Director, Conduct, Financial Crime and Compliance Assurance, Standard Chartered Bank

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5 Ways to Break Through the Virtual Crowd and Network Like a Pro

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5 Ways to Break Through the Virtual Crowd and Network Like a Pro

Next week, starting on Monday, June 21, thousands of fraud fighters all around the world will log in to the 32nd Annual ACFE Global Fraud Conference, where dozens of speakers will appear on computer screens to share their knowledge and expertise. While the learning opportunity is tremendous, another valuable part of any conference you attend is the networking.

For some people, just hearing the word “networking” makes them cringe. And even though we’ve all been attending virtual events for more than a year, we know that virtual networking can still feel a bit, well…awkward.

But instead of thinking of it as something icky that you have to do, consider it your chance to meet others in your field who are doing similar work. Below, we’ve put together some tips to help you navigate these strange, but rewarding, digital waters.

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“White-Collar Crime” to Be Theme Song of ACFE Global Fraud Conference

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“White-Collar Crime” to Be Theme Song of ACFE Global Fraud Conference

This year, while conference attendees wait for the keynote sessions to begin, they’ll hear something a little different. An electric guitar and gritty country melody will greet their ears as “White-Collar Crime,” performed by Lee Roy Parnell plays. “White-Collar Crime” is the official theme song of the 32nd Annual ACFE Global Fraud Conference, and there’s a special history to the tune.

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