ACFE DC & ISACA GWDC’s
2023 IT Fraud Virtual Conference
August 31, 2023 (Thursday); 0830-1230 PM ET (4 NASBA CPEs)
- Free to ACFE DC and ISACA GWDC members (code to register at no cost will be emailed to ISACA GWDC members)
- $20 for non-Chapter members
Incidents of information technology being maliciously exploited reduce confidence and trust in the attacked organization’s security and operations. Cybersecurity Ventures estimates global cybercrime to cost $10.5 trillion annually by 2025. Join the Washington Metropolitan Association of Certified Fraud Examiners and ISACA Greater Washington DC in their 2023 IT Fraud Virtual Conference
Who Should Attend?
Fraud and cybersecurity professionals, IT advisory or audit professionals, Business executives, students or professionals interested in learning more about IT fraud.
Agenda:
0830-0930: Cyber Risk and Financial Stability
0930-1030: Framework for Managing Improper Payments in Emergency Assistance Programs
1030-1130: Anti Money Laundering Compliance Considerations in a Digital World
1130-1230: Securities Fraud
Topics:
Cyber Risk and Financial Stability
Presenter: Chris Wilson; Wilson Consulting
The ability of cyber threat actors to undermine, disrupt, and disable information and communication technology systems used by financial institutions is a threat to global financial stability. For example, a successful malware attack on a bank can have repercussions for financial stability on the other side of the world -- it is a small world after all! Attackers have broad access to technology, allowing them to operate across borders and to attack financial firms and central banks either for profit or simply to disrupt. An increase in the incidence of attacks, rising losses, and the recognition of the potential for serious disruption to the functioning of the financial system has elevated cyber risk from a concern of IT departments to a central risk management issue for all financial institutions and a risk to system-wide stability. This presentation will provide an overview of the major gaps in financial sector cyber resilience that, if addressed, could considerably raise cyber risk and systemic risks.
Framework for Managing Improper Payments in Emergency Assistance Programs
Presenter: Sarah Garcia, Johana Ayers, and Daniel Flavin; United States Government Accountability Office
Improper payments—payments that should not have been made or that were made in an incorrect amount, including those stemming from fraud—are a long-standing problem in the federal government. Since 2003, the federal government has paid an estimated 2.4 trillion in improper payments. In emergencies, the risk of improper payments is higher because the need to provide assistance quickly can hinder the implementation of effective controls. Agencies may need to develop new programs or significantly expand existing ones, which can involve increased risks. To assist agencies, GAO developed A Framework for Managing Improper Payments in Emergency Assistance Programs to manage risks and catch improper payments before they occur. This presentation will provide an overview of principles to help agencies mitigate the risk of improper payments, including those resulting from fraud, through preparation and oversight.
Anti Money Laundering Compliance Considerations in a Digital World
Presenter: Gregory Schwarz; Guidehouse
The growth of digital technology continues to change the payment landscape, causing a significant evolution to the prepaid access market. The projection of the prepaid industry trends towards exponential growth as a cashless, digital alternative. This trend had only been exacerbated during the COVID-19 pandemic, as sellers look to expand their businesses by growing their sales online and reaching a wider segment of customers. In this session, Gregory will discuss Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) and Office of Foreign Assets Control (OFAC) compliance considerations in a growing digital prepaid industry. Gregory will also discuss the growing trend of the digital prepaid industry and outline unique prepaid risks and considerations for BSA/AML-regulated entities engaged in or exposed to this activity.
Securities Fraud
Presenter: James Park; UCLA School of Law
UCLA School of Law Professor James Park will present on the history of securities fraud regulation. He will discuss case studies of major securities frauds from the 1970s to the present involving companies such as Penn Central, Apple, Enron, and General Electric. The presentation covers the different ways that public companies commit fraud, why they commit securities fraud, how securities fraud can be detected, and how regulation addresses the problem of securities fraud. Professor Park will also discuss recent cases involving FTX, Theranos, and Nikola. James Park is an expert on securities regulation and corporate law and his research mainly examines securities fraud enforcement by the Securities and Exchange Commission and private plaintiffs.
For attendees eligible for NASBA CPEs, CPE certificates will be administered by ACFE DC.
Location: Zoom address to be provided after registration.
Field of Study: Specialized Knowledge (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.