May 2026 ISACA Chapter Meeting - Annual General Meeting

Session:  Leveraging Data Analytics to Detect Fraud

DESCRIPTION

If robust data analytics programs existed 20 years ago, would Enron, WorldCom, or the countless other major corporate fraud scandals ever have reached the magnitude they did? Would they have occurred at all? All organizations are subject to fraud risk. Association of Certified Fraud Examiners (ACFE) studies show that an average of 5% of revenue is lost to internal fraud schemes. Utilizing effective data analytics as part of an organization’s fraud management program can reduce the fraud scheme’s average duration from 18 months to mere weeks or, in some cases, eliminate it. More importantly, a robust fraud data analytics program can be the strongest deterrent in an organization.

LEARNING OBJECTIVES

When this course is complete, you will learn the following:

• Learn specific fraud detection methodologies using data analytics

• Understand trends and patterns in fraud detection

• See how AI is being leveraged to fight Fraud