Fraud Risk Management: Who, why, what, where, when and HOW?

Technology Revolution: The Future of Now

Bonnie D Graham

News, Business News, Technology

4.9 • 112 Ratings

🗓️ 23 January 2013

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Fraud. It’s 2013. Surely by now we’ve figured out how to catch the bad guys and gals. “Not”, say our experts: Jonathan Middup: “Corporate fraud is most often a product of good people in bad circumstances. Depending on those circumstances, we could all be fraudsters.” Jonathan E. Turner: “Over the past 15 years we’ve made great strides in understanding fraud, increasing technology-based tools, and created focused legislation – yet fraud losses are increasing and fraud schemes go longer before detection...Even though we have better tools, fraudsters do, too, and they are pulling ahead.” Michael Rasmusssen: “Business today is like the Titanic.” Rod Brennan: “The growing demand by stakeholders of financial and non-financial reporting for more real or near-real time reporting will drive the rapid adoption of automated assurance and monitoring in all organizations.” Norman Marks: “Manage fraud like never before.” Join us for Fraud Risk Management: Who, why, what, where, when and HOW?

Transcript

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0:00.0	The following program is being brought to you on the Voice America Business Channel.
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0:09.4	please visit VoiceAmerica Business.com.
0:12.3	The Voice America Talk Radio Network is the worldwide leader in live internet talk radio.
0:17.3	Visit voice America.com.
0:19.2	The views and ideas expressed on the following program are strictly those of the host or guests,
0:24.0	and do not necessarily reflect the views and ideas held by the Voice America Talk Radio Network, its staff, and management.
0:44.8	Welcome to the most nutritious hour of business talk all week.
0:48.6	This is Coffee Break with Game Changers, presented by SAP.
0:51.1	The best run business is run SAP.
0:53.9	Your host and moderator is Bonnie D. Graham.
1:01.5	You'll hear from the innovators who have learned to use game-changing technologies to shake up the status quo and help move today's businesses in new directions.
1:03.5	Now, here's Bonnie D. Graham.
1:07.8	Okay, today's buzzword is fraud.
1:12.9	Let's level set and let's define it in criminal law. A fraud is an intentional deception made for personal gain of money or valuables or to damage another individual. Hey, kids,
1:18.5	fraud is a crime and a civil law violation. So I googled the word fraud this morning and guess what?
1:23.6	I got 349 million results in 0.43 seconds on Google. Isn't it grand? A couple of websites
1:31.1	popped up. Stopfraud.gov. Businessweek has a fraud line. U.S. News and World Report has a
1:36.5	fraud site. Yahoo News has one. CNN, ABC News, AARP. Oh, my goodness. So, what do I say?
1:43.7	Enough. It's 2013. By now, with all of our sophisticated
1:48.0	technology, surely we've figured out how to catch the bad guys and gals who are stealing money
1:53.9	and identities who are bribing, corrupting, and otherwise cheating their companies and the
	...

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