Sports Gambling Fraud Risks Will Require Creativity to Combat

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Sports Gambling Fraud Risks Will Require Creativity to Combat

Following a Supreme Court decision on May 14 that will allow states to determine the legality of sports gambling within their jurisdictions, more questions than answers emerged about the ruling’s implications across the country. As individual states determine whether or how they will accommodate sports gambling, fraud risks related to the industry should be at or near the top of the list of considerations for all involved.

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2018 World Cup in Russia Could Spur Next Wave of Financial Fraud Attacks

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2018 World Cup in Russia Could Spur Next Wave of Financial Fraud Attacks

In less than a month’s time, the biggest global extravaganza will kick off in Russia. Thirty-two national teams will fight for the top spot in the 2018 Football World Cup. FIFA estimates that more than $5.7 billion in revenue will be generated from the showpiece event, and that more than a million tourists are expected to travel to Russia. This event will indeed be a good time for more than 3.2 billion fans worldwide, but it will also be a potentially lucrative time for fraudsters.

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CFE Describes Fighting a Culture of Corruption

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CFE Describes Fighting a Culture of Corruption

Hossam El Shaffei, CFE, has been interested in fighting fraud since first seeing normalized bribery occur in his native Middle East. Currently a partner specializing in risk advisory services at RSM Consulting, he has more than 35 years of global and regional work experience in multinational organizations such as the United Nations and United States Agency for International Development. El Shaffei also established ACFE chapters in Egypt and Jordan and recently became an Authorised Trainer for the CFE Exam Review Course in Jordan, Egypt and Lebanon.

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The 6 Most Common Behavioral Red Flags of Fraud

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The 6 Most Common Behavioral Red Flags of Fraud

Tim Harvey, CFE, head of global chapter development for the ACFE, recently shared a story with me about a networking event he held for the U.K. Chapter called "Find a Fraudster." The objective of the event was to move around the room and network with as many people as possible all the while trying to identify a fraudster in the room.

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Using Social Media Network Analysis to Detect Bank Application Fraud

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Using Social Media Network Analysis to Detect Bank Application Fraud

As of April 2018, the global population is 7.6 billion and 4.2 billion of us reportedly use the internet. There are 3.3 billion active social media users, which means that 70% of people using the internet also have one or more social media accounts. This number is expected to increase to 90% in the next three years. As a fraud analytics professional, this tells me the majority of people who have access to the internet may also be trackable on social media.

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