Digital Innovation Expert Asks Fraud Fighters to Plan for the Next 50 Years of Technological Advancements

Digital Innovation Expert Asks Fraud Fighters to Plan for the Next 50 Years of Technological Advancements

At the 2020 ACFE Fraud Conference Canada last week, Alex Benay, the Former Chief Information Officer of Canada and a Digital Innovation Expert and Partner at Digital Solutions, KMPG, had attendees engage in a thought experiment to imagine the world 50 years from now. According to Benay’s hypothesis, this kind of thinking is necessary for countries and businesses to reimagine themselves in our rapidly changing digital age.

To understand the scale of change we could witness in the future, Benay began by analyzing the past. Benay noted the dramatic shift in the economic production model that we’ve witnessed within the past 50 years. To illustrate this claim, he offered a list of firsts:

  • 50 years ago: the invention of the first 16-bit mini computer

  • 40 years ago: the first cassette player, making portable music a reality

  • 30 years ago: the first case of genetic engineering in humans

  • 20 years ago: the first Blackberry

  • 10 years ago: the first all-electric car

  • 5 years ago: the first bionic eye

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Insider Tips for Creating Memorable Ethics and Compliance Training

Insider Tips for Creating Memorable Ethics and Compliance Training

In a recent virtual session at the ACFE Fraud Conference Asia-Pacific, Rupert Evill sought to dispel the stigma and disdain surrounding ethics and compliance departments by teasing out the reasons for this stigma and providing attendees with insider tips to make compliance and ethics trainings memorable and effective. As the founder of EthicsInsight, Evill described his work by saying, “EthicsInsight is trying to simplify the way risk is assessed and benchmarked from a controls perspective so then you can really focus on managing the cultural change aspect.”

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What We Can Learn From Nonverbal Communication in Interviews

What We Can Learn From Nonverbal Communication in Interviews

During her keynote session at this year’s virtual ACFE Fraud Conference Asia-Pacific, forensics and nonverbal communication expert Kiki Wong explained how we can deepen our understanding of body language and use that knowledge to conduct more thorough and effective investigations and interviews. As head of forensics at The Forensics Company and director at The Silent Company, Wong has spent years researching micro facial expressions, handwriting analysis and lie detection. Her presentation focused on various in-depth examinations of both nonverbal and verbal deceptive measures to be attuned to when investigating fraud.

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The Face of Cybercrime Is No Longer the Person With the Hoodie

The Face of Cybercrime Is No Longer the Person With the Hoodie

“People don’t rob banks with guns anymore; they use USB sticks and malware.” Implementing this sobering remark as a reminder of the everchanging landscape of crime, Raj Samani greeted his virtual audience at the ACFE Fraud Conference Europe. Samani, who is Chief Scientist and McAfee Fellow at the cybersecurity firm McAfee, helped found the initiative NoMoreRansom, which now includes more than 100 partners across the public and private sector.

Samani’s talk comes at a ripe moment for increased awareness and precautionary measures regarding cybercrime, which has recently been employed to target the health care industry as it combats the dire prognosis of COVID-19. Samani noted that many cybercrime enforcement officials believed that criminals would take the high road and resist attacking hospitals and health care providers during the pandemic, yet as soon as Samani heard word of a cyberattack at a health care facility a few weeks into this global situation, he received unwanted confirmation that criminals will always take advantage of opportunities when they arise.

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Implementing the Lessons Learned From Maersk's Major Cyberattack

Implementing the Lessons Learned From Maersk's Major Cyberattack

When Lewis Woodcock, head of Cyber Security Operations at A.P. Moller — Maersk, spoke to a virtual crowd at the 2020 ACFE Fraud Conference Europe, he remained cautiously optimistic. Despite the gravity and intensity of his experience on the ground during the cyberattack that plagued Maersk in the summer of 2017, Woodcock recalled his time working with the response team saying, “there was no sense of panic, more of a distinct, determined energy. There was work that could almost be described as excitement to tackle the enormous challenge that lay ahead.”

In this case, “enormous challenge” could almost be considered a euphemism. Maersk, an integrated transport logistic company, manages nearly 20% of world trade; its vessels make 50,000 port calls each year. The company itself is large and complex, employing approximately 88,000 people globally and with no real central office. When their networks were struck with a cyberattack that shut down all their computer operating systems, the outage it caused transcended national borders and affected hundreds of thousands of people.

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