IAT Recommends


FREE White papers on emerging trends in the fraud industry.

 

Download these essential whitepapers and find out more about combatting fraud and staying one step ahead of fraudsters.

Combatting Purchasing Card and T&E Expense Fraud:
Getting Started Guide

By John Verver, CA, CMC, CISA, Vice President, Product Strategy & Alliance, ACL

A recent report conducted by the research arm of The Economist magazine found that fraud incidents grew by nine percentage points during the past year and that fraud risk is increasing. These findings align with ACL’s 2013 GRC Technology Pulse Survey of 2,200 audit, risk management, and compliance professionals, which indicated that internal fraud and abuse is an area of highest concern among a range of risks.

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Automating Fraud Detection: The Essential Guide

By John Verver, CA, CMC, CISA, Vice President, Product Strategy & Alliance, ACL

During the past five or so years, surveys of senior professionals in the areas audit, risk management, compliance, and fraud detection have consistently shown that increased use of technology is considered to be a critical factor for successful performance. More specifically, the surveys have found that data analysis software is the technology that is expected to have the greatest impact on effectiveness and productivity.
So, how, in practice, can data analysis software be used to improve and automate fraud detection processes and support overall risk management? This paper identifies some of the key issues in implementing a fraud detection program and provides examples of fraud detection tests for common business process areas.

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Cyberrisk in banking

Sponsored by: SAS Security Intelligence Solutions

Cybersecurity is a complex and multifaceted challenge that is growing in importance. It is an issue that not only affects the banks and government agencies that are frequently highlighted through the press; its implications continue to expand beyond that. To counter new and emerging threats,
organizations will need to learn from previous threats across a range of industries to proactively meet the challenges ahead.

Though cybersecurity is clearly a cross-industry issue, financial institutions are leading a trend towards convergence of fraud and cybercrime prevention technology and operations in support
of a holistic approach to cybersecurity. This strategy will require new capabilities, not least to fill gaps in the technology marketplace as part of solving the biggest data challenges to date, and in proactively using better analytics to make real-time, risk-based decisions.

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Tackling Employee Misclassification – The Hidden Tax An Enterprise Strategy to Detect Fraud Across All Government Programs and Services

Sponsored by: SAS Security Intelligence Solutions

As recently as 20 years ago, the distinction between business owners and employees seemed very clear. Some individuals followed a career path as an employee, working hard and drawing a paycheck. Others took an entrepreneurial route, investing their money and knowledge into building a business. Today, some business owners hope to gain an edge over their competitors and pocket higher profits by illegally defining their employees as exempt independent contractors. This practice costs state and federal governments untold billions of dollars annually. It also puts workers at risk, often without their knowledge.

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The Secret Weapon in the Fight Against Fraud

Instaknow

The cost of fraud is staggering and is expected to increase dramatically in the coming years. As businesses and individuals continue to face tremendous financial pressures, more people are turning to fraud out of sheer desperation, costing businesses untold sums of money, with many victim organizations totally unable to recover.

Against this backdrop fraud investigators are working harder than ever to stop frauds in their tracks. Unfortunately, ever increasing case loads, a widening array of fraudulent crimes, and the constantly shifting technological landscape are making it harder to keep up. Each case that goes undetected can cost hundreds of thousands of dollars – if not millions – and there is an urgent need to add new weapons to the fraud investigator's arsenal.

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An Enterprise Approach to Fraud Detection and Prevention in Government Programs

Sponsored by: SAS Security Intelligence Solutions

Government agencies face enormous challenges in trying to prevent improper payments resulting from fraud, waste and abuse. The US Office of Management and Budget estimated that the government lost more than $115 billion in improper payments in fiscal year 2011 alone – and that’s probably a conservative estimate.

Whatever the cause of the improper payments – data entry errors, authentication and verification errors, or criminal intent – taxpayers end up footing the bill. Fraud also takes a toll on government programs themselves, which are subject to budget cuts, inadequate and reduced program funding, possible review by the Inspector General
and other legislative bodies.

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TECHNOLOGY IN THE FIGHT AGAINST MONEY LAUNDERING IN THE NEW DIGITAL CURRENCY AGE

Thomson Reuters

Drugs, prostitution, illegal gaming, fraud, extortion – where there’s money tied to a criminal activity, there’s a crook who wants to “clean” it or legitimize the money so it can be moved throughout the world’s financial system, no questions asked. Like many illegal activities, money laundering is undergoing a revolution of sorts. That’s because technology, from online casinos and social media websites to the introduction of digital currencies, is offering alternative pathways for criminals to launder illegal profits.

In spite of significant regulations designed to deter money laundering in the U.S. financial systems, instituted shortly after the tragic events of Sept. 11, 2001, law enforcement agencies and financial institutions remain in a race to keep ahead of criminals.

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