News and analysis on the global fight against fraud
International Fraud Awareness Week 2021 is now coming to a close and we at the ACFE want to thank everyone who signed up as an official supporter. Supporting organizations from 112 countries around the world took the time this week to raise fraud awareness and share anti-fraud education with people in their communities and workplaces.
Read MoreFraud is nothing new. In fact, fraud has been with us from as far back as 300 B.C. when Hegestratos, a Greek sea merchant tried to sink his empty ship and claim back the nonexistent cargo of corn. Unlike many fraudsters however, Hegestratos’ plan backfired, and he came to a watery end.
Today things are very different. In our increasingly digital world, sophisticated criminal activity is taking advantage of individual and organizational vulnerabilities on an industrial scale. In the ACFE and Grant Thornton’s latest report, The Next Normal: Preparing for a Post-Pandemic Fraud Landscape, 51% of organizations have uncovered more fraud since the onset of the pandemic and 71% of respondents expect payment fraud to increase in the next year. Weaknesses in our global financial infrastructure and a lack of fraud consciousness are generating huge personal and institutional losses.
Read MoreInternational Fraud Awareness Week 2020 is coming to a close now, and we at the ACFE want to thank everyone who signed up as an official supporter. It’s the 20th anniversary of Fraud Week and we had a record amount of organizations sign up to be official supporters this year.
Even though most people weren’t able to hold in-person events, there were so many creative virtual events put on by supporters this year. ACFE local chapters especially stepped up and organized a multitude of virtual trainings, webinars and activities.
Read MoreThe ACFE would like to thank all International Fraud Awareness Week Official Supporters, supporting media, bloggers, tweeters and social media posters for their amazing participation in Fraud Week.
Read MoreGeneral Mills is a household name for most consumers around the world. The multibillion dollar company may be known primarily for their cereals, but they also produce and manage more than 100 brands in more than 100 countries, spanning from natural dog food to organic soups and snacks. While they’re mainly known for their food, they are also leading the way for spreading fraud awareness and anti-fraud education. Jay Samson, CFE, General Mills senior manager for investigations and forensics in global security, has spearheaded extensive International Fraud Awareness Week (Fraud Week) efforts for a number of years, and he says they are only planning on continuing to grow their efforts.
Read MoreNews and analysis on the global fight against fraud.
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