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March 3, 2020


On a recent trip to London (one of my favorite cities), I saw this iconic bridge and thought of the behavioral bridge I have often spoken about as part of a strong counter fraud strategy.  


I have mentioned the behavioral bridge many times in my presentations and...

January 27, 2020

Things are not what they seem…


This photo was taken in Malaysia and shows how a local butterfly can mask its appearance by mimicking a leaf. On the branch one can view some “real leaves” and some leaves that are actually butterflies; a job well-done! 
If we consider in...

December 10, 2019


How to disrupt the risk-reward scale. 


On a recent trip to the Amazon, I had to ponder whether taking a wooden canoe in Caiman infested waters was worth an excursion deeper into the jungle. We weight risks and rewards daily and fraudsters are no different.

Individuals...

November 5, 2019

Vulnerability assessments, or risk assessments as many of you know them as, are the core of a counter fraud strategy as organization can find gaps and weak links in their eco-system. This is an important exercise as it will identify those doors that the fraudsters will...

August 26, 2019

Fraud with no boundaries. 


This beautiful photo was taken after hiking to the peak of Huayna Picchu; the view is looking south toward Machu Picchu and the border of Chile and Bolivia. 


I am asked quite frequently about my opinion of the landscape of fraud on an interna...

July 29, 2019

On a recent visit to Italy, I became immersed into the counter fraud culture of this unique area. During my many hours consuming pasta, pizza, and red wine, I pondered how this country has extremely unique fraud challenges. 


Statistics reveal that there is a very high...

June 24, 2019

Let's kick off this article with a math 101 exercise to pique your interest in internal fraud. Consider your company revenue during 2018 and then calculate 5% of that figure; this number is the amount you are losing to internal fraud! Here are other disturbing statics:


...

May 8, 2019


Many of you are aware that I have proposed opportunity theory as a conceptual framework to help us understand the nature and reasoning behind fraud behavior. The main belief of this theory is that carriers need to focus on reducing the opportunity for fraudsters to co...

February 28, 2019

The future landscape; will the future look like this beautiful picture I took while hiking in Aguirre, Costa Rica?

Anyone that reads any insurance and/or fraud industry publication is aware of the fact that there is an insurmountable number of areas that the insurance i...

January 24, 2019

Viewing the Matterhorn from the beautiful Swiss city of Zermatt can be unbelievably intimidating. While on a recent trip to the area, I had booked a rock climbing adventure that would take me within the throws of this legendary mountain. The night before the trip I rec...

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