Fraud Protection Real cases

Learning Objectives

• To discuss the statistics of fraud from ACFE.
• To analyze different types of fraud.
• To explain mechanisms of Cyber/Crypto Fraud.
• To discuss signs of being victimized 
• To determine steps to be adopted if you fall victim to fraud.

Course Description

With the widespread distribution of COVID vaccines now promising hope for a “return to normal,” business leaders need to understand that some of the changes in the business landscape are not temporary — and these changes will have a big impact on their organizations’ fraud risk.

In a new report from the Association of Certified Fraud Examiners (ACFE) and Grant Thornton, 51% of anti-fraud professionals surveyed said that they have uncovered higher levels of fraud since the pandemic began, with 20% saying the increase was significant.

While it would be optimistic to believe fraud levels will decrease to pre-pandemic levels as businesses and offices reopen, 71% expect the level of fraud affecting their employers to continue to increase over the next year. One reason we can likely expect more fraud to proliferate is the massive changes in underlying fraud risk factors that have arisen since the onset of the pandemic.

Our first speaker Linda Yao will dive deeper into this Information Technology CPE course the recent statistics of fraud from ACFE and its impact on corporations and society as a whole.

Today’s COVID-19 pandemic is the latest crisis creating fertile ground for fraud and scammers today have a new and powerful weapon: social media platforms. These platforms generally earn their revenue by targeting users with advertising.

The more time we spend on platforms consuming content and revealing valuable personal information, the more that platforms profit by having information to target ads. So, the algorithms tend to favor content that drives engagement, which, in turn, leads to still more information gathered to target ads and to further refine their algorithms. Identifying the difference between theft and fraud can be tricky.

Our second speaker Dave Oswald will discuss in more detail the 4 types of fraud and how organizations can be aware and on the lookout.

• Financial Statement Fraud 
• Cyber/Crypto Fraud
• Corruption
• Healthcare Fraud

With Social Media, Crypto Currency, and COVID, the fraudsters are running rampant. You need to be vigilant and learn how to protect yourself. This CPD course helps you to deepen your understanding of how you can be more vigilant.

Note: Please take note that Linda Yao is a Canadian. She might be explaining a topic from real life by utilizing Canadian examples. However, the course is also acceptable for US titles. Below the course name, we have included the acceptable titles for continuing education. 

Overview

• Personal financial scams

  4 mins
• Humans are the weakest link in any computer system

  15 mins
• Cyber / Crypto Fraud

  20 mins
• Financial statement fraud

  32 mins
• A Report to the nations

  45 mins