Speaker: James Rumph, CPA, CFE, CAMS, CIA
Schneider Downs & Co., Inc.; Director – Business Advisory/Forensics & Litigation Services
Topic: Turning the Tables on Opportunistic Fraud
Description:
Opportunistic fraud typically happens when ordinarily honest people exploit a sudden and unexpected chance to defraud. Such fraud is sometimes referred to as “soft” and often involves exaggerating the truth or omitting parts from the full truth. However, the impacts of opportunistic fraud as a whole can outweigh an organization’s impact from more calculated, targeted, and individually more impactful “hard” fraud. This session will focus on the psychology around opportunistic fraud and how understanding this psychology can lead you toward effective fraud risk management.
After this session, participants will:
- Understand the difference between opportunistic and other types of fraud.
- Understand how opportunistic fraud impacts organizations and consumers.
- Understand psychology around opportunistic fraud.
- Understand how an understanding of the psychology around opportunistic fraud can lead you toward effective fraud risk management, including emerging areas like the use of generative AI being used as part of and to combat opportunistic fraud.
CPE: 2 hours
CPE credits are based on a 50-minute hour. CPE is offered through the ACFE as well as the Accountancy Board of Ohio (sponsor number CPE.00467). Attendees must attend 100 minutes of the meeting and answer 6 polling questions during the meeting to validate attendance.
Learning Objectives: Promotion of improved fraud detection and deterrence and through expansion of knowledge in relation to the session's topic.
Prerequisites: None
Speaker Bio:
James Rumph, CPA, CFE, CAMS, CIA
Schneider Downs & Co., Inc.; Director – Business Advisory/Forensics & Litigation Services
James has approximately 20 years of diverse fraud investigation and risk assurance and advisory experience. Prior to joining Schneider Downs in Columbus, he was a corporate executive leading fraud risk governance, risk assessment, monitoring and other consulting activities at a Fortune 100 insurance and financial services company. James has worked in various forensic accounting and investigation roles within the insurance and public accounting industries, as well as for the FBI. In addition, he serves as President Emeritus of the Central Ohio ACFE Chapter and previously served as President of the Central Ohio and Des Moines ACFE Chapters, as co-chair of the Coalition Against Insurance Fraud’s Fraud Risk Management Task Force, and chair of the ACFE Chapter Leaders Committee.
