The Growing Threat of Business Email Compromise

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The Growing Threat of Business Email Compromise

“In the good old days when I started my career, my life was much easier,” said Issam Zaghloul, CISSP, CISA, CGEIT, Head of Information Security at Majid Al Futtaim Holding. He has been working in the cybersecurity field in one way or another for the last 16 years. The work was easier, he explained, because there wasn’t as much data to track, and it was all stored in centralized locations. In other words, things were simpler and much more straightforward.

Today, however, we eat data for breakfast, according to Zaghloul, and our systems of tracking, moving and storing data have become infinitely more complex.

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How to Execute and Measure Your Fraud Hotline

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How to Execute and Measure Your Fraud Hotline

If you have a fraud hotline at your organization, who is your targeted user? A low-level employee who notices something wrong happening above them? A manager who reads emails about plans of possible collusion? An executive who oversees the bidding process? The answer is everyone, according to Waheed Alkahtani, CFE, CEPP-1, Sr. Auditor at Saudi Aramco.

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Executive Director of Europol, Investigative Journalist and a Convicted Fraudster to Speak in Las Vegas

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Executive Director of Europol, Investigative Journalist and a Convicted Fraudster to Speak in Las Vegas

Rob Wainwright, Executive Director of Europol, will join Clare Rewcastle Brown, the investigative journalist who exposed 1MDB, convicted fraudster* Ryan Homa and others as speakers at the 29th Annual ACFE Global Fraud Conference in Las Vegas June 17-22.

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Certified Fraud Examiners Receive High Praise at 2017 LEGA Summit

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Certified Fraud Examiners Receive High Praise at 2017 LEGA Summit

On Jan. 19, 2017, The Western Union Company (Western Union) agreed to forfeit $586 million and admitted to criminal violations including willfully failing to maintain an effective anti-money laundering program and aiding and abetting wire fraud. A U.S. Department of Justice (DOJ) investigation uncovered hundreds of millions of dollars being sent to China in structured transactions designed to avoid the reporting requirements of the Bank Secrecy Act, and much of the money was sent to China by illegal immigrants to pay their human smugglers.

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Organizations Around the World Take a Proactive Approach to Tackling Fraud for Fraud Week 2017

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Organizations Around the World Take a Proactive Approach to Tackling Fraud for Fraud Week 2017

Hundreds of organizations, such as AIG, Maersk and Voya have pledged their support to spread fraud awareness during International Fraud Awareness Week, November 12-18, 2017. Fraud Week was founded by the Association of Certified Fraud Examiners (ACFE), and is an opportunity for organizations and individuals to focus time, energy and resources into educating employees and community members about fraud.

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3 Countries, 3 Murders and 1 CFE's Determination to Speak for Those Who Can't Speak for Themselves

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3 Countries, 3 Murders and 1 CFE's Determination to Speak for Those Who Can't Speak for Themselves

Jeff Filliter was working at a bank in Canada when he was flown to Mexico City to investigate the murder of a 41-year-old branch manager who was last seen entering the back seat of a black Jaguar after work a few days earlier. What Filliter, a CFE and investigator of more than 40 years, relayed to attendees at the 2017 ACFE Fraud Conference Canada in Toronto earlier this month was a story straight out of a Netflix series. The six-year, multijurisdictional fraud and money laundering investigation is also the subject of Filliter’s newly released book, The Shallowest of Men.

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