The Cat-and-Mouse Game Between Financial Institutions and Their Unseen Adversaries

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The Cat-and-Mouse Game Between Financial Institutions and Their Unseen Adversaries

“If you build a better mousetrap, it’s highly likely that an adversary will build a better mouse.” Jean-Francois Legault, Managing Director, Global Head of Cybersecurity at JPMorgan Chase, shared this metaphor at the beginning of his virtual breakout session at the 31st Annual ACFE Global Fraud Conference. It captures a sentiment that fraud examiners are all too familiar with — it can sometimes seem impossible to stay ahead of the fraudsters. But in his session “Building a Cyberfraud Intelligence Program for the Financial Industry,” Legault shared practical advice and tips on how financial institutions can build a cyberfraud intelligence program from the ground up.

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The Money Pit: Rogue Projects Can Lead to Construction Fraud

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The Money Pit: Rogue Projects Can Lead to Construction Fraud

“Everyone at some point in their life has picked up a hammer or has walked by a construction site,” said Wayne H. Kalayjian, CFE, PE, SE, managing director at Secretariat International, during his virtual session at the 31st Annual ACFE Global Fraud Conference. “They’ve seen cranes and pile drivers … everyone has some sort of intuitive understanding of what construction is.”

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Jules Kroll Stresses That Practitioners Can’t Grow Without Innovating

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Jules Kroll Stresses That Practitioners Can’t Grow Without Innovating

Jules Kroll recently had a shocking conversation with the head of compliance at a major European bank. “I asked them what they had seen in terms of fraud in the first quarter of the year,” said Kroll, during the Monday Opening General Session of the 31st Annual ACFE Global Fraud Conference. “They were seeing [fraud] up over 600%. So, we have our work cut out for us. … I don't think we're ever going to see a sudden outbreak of honesty.” Kroll, the 2020 recipient of the ACFE’s Cressey Award, says the profession needs to continue to innovate to find new ways to combat fraud as he did when he was a pioneer of the modern intelligence and corporate security industry.

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How to Make the Most Out of Your First Virtual Conference

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How to Make the Most Out of Your First Virtual Conference

Let me start by saying, I know this might be weird. I know you might be leery. How are we supposed to pretend like the 31st Annual ACFE Global Fraud Conference is a real conference if we can’t shake hands, exchange business cards or sit in a freezing conference room wishing we brought our winter coats? I was apprehensive at first, but trust me — this conference will be full of fascinating speakers, the latest topics and trends, and, of course, one-of-a-kind networking. And the best part? You will be there!

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