Live coverage from the ACFE Global Fraud Conference, including anti-fraud articles, session highlights, video clips and photo gallery.
Geoff Gentry, regional director for ISE, delivered "Hackers, Attack Anatomy, and Security Trends," an informative session on how to improve security systems. "When you lack systems with checks and balances, then disaster happens," warned Gentry. "You have to operate on the premise that the bad guys are already in your network."
Read MoreBrian Krebs says companies fight cybercrime with too many tanks and not enough tank drivers. “Organizations spend ridiculous amounts of money on cybersecurity weaponry and then drop like two guys or gals on the ground to man all this weaponry that they have,” he says.
Read MoreLast year, at the 25th Annual ACFE Global Fraud Conference, Jim Butterworth, CFE, explored fraud’s expanding playground with the growth of virtual currencies in his breakout session. “Virtual and cryptocurrencies are still the Wild West,” said Butterworth. “This creates a hotbed for fraudsters and new fraud techniques, something the fraud community will be combating for the foreseeable future.”
Read MoreBrian Krebs, author of KrebsOnSecurity, did not become a cybercrime expert overnight. As his website says, he wasn’t trained in computer security and actually stumbled upon the field by accident. It wasn’t until the former Washington Post reporter fell victim to Chinese hackers taking over his entire home network in 2001 that he found his true calling. As he writes, “It’s an obsession that hasn’t let up.”
Read More"Bitcoin is the buzzword."
Jim Butterworth, CFE, and executive director of services at ManTech, explored virtual currencies, such as Bitcoin (BTC), in his session, “Bitcoin and Virtual Economies: Fraud’s New Best Friend.” In this breakout session, Butterworth explored the concept that while virtual currencies may be the future of financial technology, they’re also stepping stones to the expansion of fraud’s playground.
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