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Category: ECCI In the News

Ways to Safeguard Sensitive Data

Although we hear about many fraud cases and data breaches today, many organizations are not taking necessary precautions to safeguard their data. It is vital for organizations to take proactive steps to protect themselves from data breaches. Follow these seven ways to safeguard your sensitive, provided by the ACFE.

Who Are the Crooks Behind Identity Theft?

Today, criminals are becoming more sophisticated and creative in ways to commit identity theft. Identity theft is increasing 15-20% every year, and every one of us can be a victim. Read the attached article to learn more about the three main crooks behind identity theft; the public wifi predator, hi-tech heinous hacker, and the dumpster diving…
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Fraud Awareness Week

November 3-9 is Fraud Awareness Week; a week dedicated to fraud awareness, detection, and prevention. ACFE has conducted a survey, and concluded that organizations around the world lose 5 percent of their annual revenues to fraud. For more updates and fraud detection and prevention techniques, read more about Fraud Awareness Week here, and follow the…
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Poker Master, $70 Million Ponzi Scheme

Police are currently investigating an international poker player along with an Australian accountant for taking part in a $70 million Ponzi scheme. Fraudulent documents were used to access loans from Commonwealth Bank (Australia’s largest bank), and transfer funds to their private bank accounts. Prior to this occurrence, the poker-player was already the subject of a…
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Companies Face Asset Misappropriation Risks

Every organization is faced with their own specific risks, due to the nature of the organizations themselves. ACFE research has shown that asset misappropriation schemes account for more than 85 percent of all occupational frauds. There are many ways in which an organization can work to prevent, detect and investigate asset misappropriations. ACFE is offering…
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Disability Fraud

Disability fraud is a costly factor for many companies year in and year out. The average disability fraud consists of faking an injury after an accident or exaggerating the seriousness of an injury. Fraud examiners are working to stay ahead of those committing disability fraud, seeing that judges, lawyers and doctors are taking part in…
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JP Morgan Currency Trader Under Investigation

JP Morgan’s senior currency trader is under investigation for sending instant messages to traders at other firms while he was working at the Royal Bank of Scotland (RBS). The instant messages included information regarding his trading positions, which are currently being analyzed by the Financial Conduct Authority (FCA). Such leaked information could have had an…
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WetStone Technologies Chosen as Distributor of AIS’s WiFi Investigator

WetStone Technologies has recently been chosen as a distributor of AIS’s WiFi Investigator product. ECI Board Member, Chet Hosmer, who is also the Chief Scientist and Senior Vice President of WetStone Technologies states, “We have a long standing relationship with AIS and many of their talented staff. I have followed with great interest their innovations and…
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Senator Griffo Visits UC

Last week, Senator Joseph Griffo made a visit to Utica College. Senator Griffo spoke on the topics of college affordability and connections between colleges and businesses. An ongoing issue that was mentioned, includes the ability to provide a well trained and educated workforce for industries that are expected to join our area, such as nanotechnology.…
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ECI Board Meeting and Alumni Reception

The next meeting of the ECI Board of Advisors will be held on November 6, 2013 at the KPMG Corporate Offices in Washington, DC. In place of a Board dinner, an Alumni Reception sponsored by the Institute and President Hutton will be held on November 5, 2013 from 6:00 p.m – 8:00 p.m. All attendees…
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