Lisa Osofsky's Passion for Fighting Fraud on Two Continents

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Lisa Osofsky's Passion for Fighting Fraud on Two Continents

The ACFE bestows our Cressey Award annually on someone who’s demonstrated a lifetime of achievement in the detection and deterrence of fraud. This year’s winner couldn’t be more deserving. Lisa Osofsky, the director of the U.K.’s Serious Fraud Office (SFO), has devoted a lifetime of service to fraud awareness on a global scale. In fact, she picked up the desire to prosecute quite early when she worked with prosecutors before she even finished law school!

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Why Video Analytics Is the Next Big Weapon to Fight Fraud

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Why Video Analytics Is the Next Big Weapon to Fight Fraud

Payment card fraud detection involves banks and financial organizations leveraging analytics to delve into card transaction data and build counter-fraud models. Over the years, the discipline of fraud analytics has evolved to crafting machine learning algorithms which recognize highly complex fraud patterns in enormously large volumes of records.

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City of New York Seeks $20 Million for Airbnb Fraud Scheme

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City of New York Seeks $20 Million for Airbnb Fraud Scheme

Airbnb currently has around 50,000 listings within New York City, making the tourism capital its largest market in the U.S. As Airbnb has experienced a steady climb in short-term rentals within NYC, the municipal and state governments have grown more keen on curbing Airbnb’s permissions for local rentals to keep more living spaces available for New York City residents, who already face a tight rental market. According to the New York State Multiple Dwelling Law, buildings with three or more units cannot offer rentals for fewer than 30 days at a time unless the owner or tenant of the unit is present while the guest is renting.

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5 Infamous Fraud Cases Throughout the Centuries

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5 Infamous Fraud Cases Throughout the Centuries

While the internet serves as a large platform for a considerable number of scams, fraudsters have always been able to find creative outlets for their schemes, long before the advent of modern technology. The names Charles Ponzi and Victor Lustig may be well known among audiences tuned in to the history of con men, but here are stories of lesser known swindlers, going as far back as the fourth century B.C.

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How to Manage Reputational Risk

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How to Manage Reputational Risk

As Warren Buffett once said, “It takes 20 years to build a reputation and five minutes to ruin it.” Reputation equals integrity and integrity equals social responsibility. By sustaining the “social license to operate” through social responsibility, organizations ensure that business practices, operating procedures and corporate behaviors are acceptable to employees, stakeholders and the public.

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