A Tale of Two Cultures

A Tale of Two Cultures

In Richard E. Nisbett’s book “The Geography of Thought: How Asians and Westerners Think Differently... and Why,” Nisbett describes a scenario where Western and Japanese students are asked to describe a painting of a koi pond. Western students focus on the largest fish while Japanese students describe the entirety of the painting, focusing less on one subject.

Of course, it’s a generalization, but what does it mean in the context of anti-fraud? In my experience working with Japanese organizations over the past decade, it means two very different approaches to the same problem.

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3 Ways to Use Data and Technology Proactively

3 Ways to Use Data and Technology Proactively

One aspect of fraud examinations that is constantly changing is the use of technology for fraud prevention and detection, with an emphasis on detection. From rules-based systems, fraud analytics and artificial intelligence-based programs, examiners look to increase the effectiveness and efficiency of their work through the use of technology. However, it is critical to the management of fraud risk that examiners focus more of their efforts on the use of data and technology on the mitigation of fraud risk.

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