Sep 20, 2017 10:30:00 AM

Wanted – Fraud Fighting Leaders

Some people are born leaders while others grow into leadership roles. There is a lot of gray area between and among these two leadership categories. I will use two proven leaders to explain both—Steve Jobs and Abraham Lincoln.

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Topics: Fraud

Sep 13, 2017 10:00:00 AM

Structure Needed for Successful Fraud Fighting Efforts

We all need structure in our lives. Parents provide it for their children, organizations provide it for their employees, and insurance companies provide it for their Special Investigative Unit (SIU) teams. The structure of SIU teams varies by company, but they all have the same objective—to mitigate fraud.

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Topics: Fraud, SIU

Sep 7, 2017 9:00:00 AM

Tips for Effective Training

A Special Investigation Unit (SIU) is a select group of highly skilled, specially trained fraud fighters who choose to see things differently—skeptics who ask a lot of questions and have a desire to do the right thing. This desire is fed by specialized fraud training which helps them become experienced fraud fighters.

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Topics: Fraud, SIU

Aug 30, 2017 10:30:00 AM

3 Ways to Get the Resources You Need

As we continue to share what we learned from our Special Investigative Unit (SIU) counterparts, we will dive deeper into the subject of resources, which I mentioned in last week’s post. Resources are an essential component to helping us meet goals. It is interesting how they are thrown at some programs and initiatives with reckless disregard while other programs receive only minimal resources. It is likely we have all seen this at various points in our careers and wondered why our program or initiative wasn’t getting the attention it deserved.

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Topics: Fraud, SIU

Aug 23, 2017 10:00:00 AM

Learning From Special Investigative Units

Fraud is a risk to every organization and each one addresses it differently. Some choose to ignore it, while others develop programs to mitigate it. For those with programs, formal or informal, the resources dedicated to the fight vary greatly—which consequently creates large variations in their effectiveness. However, there is one industry that consistently takes a stand against fraud—insurance. Insurance companies take fraud seriously and have been for many years.  And companies within the insurance industry dedicate significant resources to fighting fraud.

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Topics: Fraud, SIU

Aug 17, 2017 10:30:00 AM

ABCs to Fighting Fraud

This is a quick message to help fuel your fraud fighting efforts. Remember the following ABCs to effectively fight fraud:

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Topics: Fraud

Aug 9, 2017 10:30:00 AM

Fraud Risks – Past, Present and Future

This week I will begin my 44th year of life. Birthdays are milestones that induce reflection, especially as we get older. I look back at what I have accomplished and look forward to the years ahead. From the past, I can glean nuggets of knowledge and wisdom from my shortcomings and accomplishments. By looking into the future, I can dream about what can be. It is a place to find inspiration and destinations.

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Topics: Fraud & Compliance, Fraud, Goal Setting

Aug 2, 2017 10:30:00 AM

Internal Control Breakdown Results in Significant Losses

When internal controls breakdown, an organization’s risk of fraud increases significantly. A few years ago, we helped a financial institution identify “an issue.”

In the initial meeting, management shared their “issue” with us. There were some large unreconciled balances and several unusual cashier check transactions that were generated by the former head teller. Management had a feeling that funds were missing, but could not figure out how much or how they were taken.

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Topics: Internal Controls, Fraud

Jul 19, 2017 10:00:00 AM

The Fireworks of Fraud

On the Fourth of July and New Year’s Eve, we buy fireworks to celebrate the holidays. It's fun for the whole family. Some enjoy throwing small snap pops to the ground, while others enjoy lighting smaller firecrackers to set off small blasts, and everyone loves watching the colors explode in the night sky. It's amazing that I am not deathly afraid of fireworks.

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Topics: Fraud & Compliance, Fraud, Anti-Fraud, Fraud Prevention

Jul 12, 2017 11:30:00 AM

Jessica’s Lessons Learned at the 2017 ACFE Global Fraud Conference

In today’s world and in this line of work, I often wonder whether I am the only person who really cares about fighting for integrity and holding people accountable for their actions. So I was super excited to attend my first ACFE Global Fraud Conference last month and be surrounded for several days by over 3,000 fraud fighting professionals. How refreshing! With a conference theme of “Where Heroes Unite,” I couldn’t help but be proud that what I do every day somehow makes a difference. Here are a few of my insights from the weeklong conference:

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Topics: Fraud, ACFE