Data Analytics

Mind blowing

Understanding ChatGPT and similar generative AI tools is critical for fraud examiners seeking to leverage this emerging technology. Here we explore the risks and the extraordinary potential of this new phenomenon.

Don’t allow trusted ‘Radars’ to subvert internal controls

All organizations have employees who are so smart, energetic and indispensable that they can manage integral functions without close supervision. But some of these “Radars” will succumb to their freedom and rob you blind.

Gold standard for inspectors general

ACFE President and CEO Bruce Dorris, J.D., CFE, CPA, praises Cressey Award winner Michael Horowitz's achievements in detecting and preventing fraud in his role as inspector general and chair of the Pandemic Response Accountability Committee (PRAC).

Detecting document fraud

Cases of document fraud, including check fraud, have exploded in recent years. The authors explain what’s behind the proliferation of this age-old scam and the modern technology CFEs can employ to stop it in its tracks.

Four strategies for increasing organizational agility

Rapid changes in technology have meant that work environments now demand faster decisions at all levels, creating the type of conditions where fraudsters thrive. Here we look at how organizations and fraud examiners can best face these challenges in an increasingly agile age.

Profile of an improper (corrupt) payment

What are the telltale signs of an improper payment? Here we explore the leading research into what can be measured and observed to find common patterns and profiles around improper, and sometimes corrupt, payments.

Tips and tricks for finding people online

Online records are a bountiful gift for almost every case. However, you need to know how and where to search fruitfully. Here are some pointers to mine internet sources.

Is ChatGPT the newest gateway to fraud?

Cybercriminals and hackers are frequently admired, albeit begrudgingly, for their skills. Hacking and cybercrime require significant knowledge, which thankfully restricts these activities to a small select group. But the new bot ChatGPT could change all that. Here’s why and what fraud examiners can do to fight back.

From many, comes one (algorithm)

Recent anticorruption research shows that when companies collaborate to share information about third-party payments and high-risk transactions, they have a 25% greater chance of predicting improper payments than when each company’s model is performed in isolation. A new data-sharing consortium led by a nonprofit at MIT is working to make such collaboration possible.

Lender beware

When inflation skyrockets, central banks increase interest rates to slow spending. Here, the author details why periods of high inflation might lead to high rates of fraud in the lending industry and what lenders can do about it.

Sleuths on the cyber trail

Andy Greenberg, the award-winning WIRED reporter, talks about his latest book on bitcoin tracing and how law enforcement still has the upper hand in its fight against cyberfraudsters and other criminals on the dark web.

Preventing fraud through due diligence

Due diligence is a proactive countermeasure against fraud, helping to safeguard the interests of all parties involved in a transaction. Here are some pointers in how to carry out due diligence and prevent fraud in the process.