ACFE Washington Metro Chapter
July 2024 CPE Session (2 NASBA CPEs); July 25, 2024 (Thursday; 9:00 AM to 11:00 PM EDT)
- Free to ACFE Washington Metro Chapter members
- $20 for non-Chapter members
- To become an ACFE Washington Metro Chapter member, please enroll at http://www.acfedc.org
Agenda:
9:00 – 10:00 AM - Session 1: Fraud Insights in Wealth & Asset Management
10:00 – 11:00 AM - Session 2: Fraud-as-a-Service
Fraud Insights in Wealth & Asset Management
Presenters: Arpi Lal (EY Forensic & Integrity Services) and Clay Roberts (EY Forensic & Integrity Services)
Ernst & Young LLP (EY) conducted a second wealth and asset management fraud insights point of view exercise to understand the challenges facing our clients and the approaches taken to combat the spike of fraudulent activity currently being
experienced. This includes managing staffing needs, identifying technology solutions and innovative fraud investigation management. This session will discuss the key insights identified during this exercise, including key takeaways, market themes and emerging trends.
New Fraud Technology, Fraud-as-a-service, and the Tools to Fight Back
Presenter: Simon Marchand (GeoComply)
Fraudsters run a business. They’re nimble, agile and creative, and their fraud toolkit never ceases to expand. From stolen credentials to synthetic identities, location and IP spoofing via hardware or software, VPNs built of thousands of infected devices, deepfakes, etc. They have hundreds of ways to circumvent traditional fraud prevention strategies. Beyond what we have been doing for the past decade, there are new ways, and new data points we can (and should) leverage to disrupt fraudsters’ businesses. Many of these methods are now more accessible than ever, shared of forums or messaging apps, facilitating fraud for non-professionals and making it ever-so-difficult for fraud strategists to prevent many new attack types.
Fraud-as-a-Service is another real problem we must recognize and deal with. From personalized coaching to specialized software, the tools are plenty for anyone who wishes to defraud an organization, or start their own business.
Advanced location intelligence and IP address analysis, modern device profiling and innovative identity-proofing tools all help high-risk industries stay ahead of fraud. This cutting-edge tech can be hugely beneficial to organizations and doesn’t require extensive technical expertise or big fraud investigation teams to implement. It can be transformative to our business, help reduce losses, but most importantly, help build trust and loyalty with our customers, while improving collaboration with law enforcement.
Objectives
- Join this session to gain a deeper understanding of:
- How fraudsters monetize their tools and expertise and reach a vast number of non-professionals
- How advanced geolocation & advanced data points serve as a critical line of defense against fraud and complement anti-fraud portfolios
- How those data points help prevent transaction fraud, subscription fraud, ATOs and abusive chargebacks as well as 1st party fraud
- Innovative and effective tools to combat the threats posed by anonymous actors online
- How geolocation facilitates collaboration with law enforcement
- Real-life examples of how this technology is successfully used every day
Location: Zoom address to be provided after registration.
Field of Study: Specialized Knowledge (2 CPE for Fraud-Related)
Prerequisites: None
Advanced Preparation: None
Program Level: Basic
Delivery Method: Group Internet Based
Cancelation Policy:
Full refunds are available anytime when requested prior to 3 days of the event. No refunds will be made for “No Shows” (a “No Show” is a person who registers for a program but who does not cancel registration or attend the program). A registered person may elect to transfer the registration to another person at any time. Cancellations can be made only by email at chapter@acfedc.org. Payments can be electronically made any time prior to the event start. Unfortunately, we are unable to accommodate "pay at the door" or payment by checks or cash.
The Association of Certified Fraud Examiners (ACFE) is the world's largest anti-fraud organization with nearly 85,000 members with the mission of reducing incidence of fraud and white-collar crime. The ACFE Washington Metropolitan Chapter aims to promote fraud detection and deterrence through educational training programs in the National Capital Region.
For additional information regarding Association of Certified Fraud Examiners (ACFE), please visit http://www.acfe.com.