Andi McNeal

Andi McNeal is Vice President of Research with the Association of Certified Fraud Examiners, a membership association serving more than 90,000 anti-fraud professionals globally. As a CFE, she specializes in fraud prevention, detection and investigation, education and training, research and analysis, corporate culture and leadership, and association management. Andi discusses the ACFE’s 2022 Report to the Nations and its insights on occupational fraud. Download the report here!The ACFE’s study focuses on occupational fraud, Andi shares. They were not attempting to get a snapshot of every type of fraud that occurs - only cases perpetrated by employees against the organizations they worked for, specifically between 2020 and 2021. In the 2100 cases they observed, over $3.6 billion was calculated in losses, which is just a small portion of the fraud committed globally. Fraud isn’t an accounting problem, it’s a human problem. ResourcesAndi McNeal on LinkedIn To learn more, and contact Vincent Walden, please visit Alvarez and Marsal

Andi McNeal is Vice President of Research with the Association of Certified Fraud Examiners, a membership association serving more than 90,000 anti-fraud professionals globally. As a CFE, she specializes in fraud prevention, detection and investigation, education and training, research and analysis, corporate culture and leadership, and association management. Andi discusses the ACFE’s 2022 Report to the Nations and its insights on occupational fraud. Download the report <a href="https://legacy.acfe.com/report-to-the-nations/2022/" rel="nofollow" target="_blank">here!</a> The ACFE’s study focuses on occupational fraud, Andi shares. They were not attempting to get a snapshot of every type of fraud that occurs - only cases perpetrated by employees against the organizations they worked for, specifically between 2020 and 2021. In the 2100 cases they observed, over $3.6 billion was calculated in losses, which is just a small portion of the fraud committed globally. Fraud isn’t an accounting problem, it’s a human problem.  ResourcesAndi McNeal on <a href="https://www.linkedin.com/in/andi-mcneal-cfe-cpa-13067613/" rel="nofollow" target="_blank">LinkedIn</a> To learn more, and contact Vincent Walden, please visit <a href="https://www.alvarezandmarsal.com/our-people/vincent-walden" rel="nofollow" target="_blank">Alvarez and Marsal</a>

Insights into the 2022 ACFE Report to the Nations on Occupational Fraud with Andi McNeal

Marta Cadavid

Marta Cadavid is co-founder and CEO at NoFraud, an organization dedicated to fighting fraud by using technology to anticipate criminal behavior. NoFraud specializes in forensic audit, cybersecurity, and investigations of economic crimes. As a Certified Anti-Money Laundering Specialist (CAMS), Certified Fraud Examiner (CFE), AML Anti-Money Laundering Certified Associate (AMLCA), Marta possesses valuable experience that sets her a cut above the rest. She is also Consultant and International Coach of Auditool. Marta discusses how fraud triangle theory can be used to improve fraud detection.Fraud, corruption, waste, corporate abuse and other misbehaviors destroy an organization’s value. They are the silent enemy that kills companies, Marta shares. This enemy was the driving force behind the conception of NoFraud; their goal was to be one step ahead of these misbehaviors. They now help corporations build value through the prediction, prevention, and detection of undesirable conduct at the workplace.According to Marta’s research, 15-25% of people are never involved in unethical actions. Unfortunately, the larger percentage of people are prone to behaving according to the moment. NoFraud combines fraud triangle theory with artificial intelligence, data analytics and semantics to monitor patterns of keystrokes or communications from an individual. ResourcesMarta Cadavid on LinkedInEmail: marta.cadavid.a@gmail.com NoFraud.la | MartaCadavid.comTo learn more, and contact Vincent Walden, please visit Alvarez and Marsal

Marta Cadavid is co-founder and CEO at NoFraud, an organization dedicated to fighting fraud by using technology to anticipate criminal behavior. NoFraud specializes in forensic audit, cybersecurity, and investigations of economic crimes. As a Certified Anti-Money Laundering Specialist (CAMS), Certified Fraud Examiner (CFE), AML Anti-Money Laundering Certified Associate (AMLCA), Marta possesses valuable experience that sets her a cut above the rest. She is also Consultant and International Coach of Auditool. Marta discusses how fraud triangle theory can be used to improve fraud detection. Fraud, corruption, waste, corporate abuse and other misbehaviors destroy an organization’s value. They are the silent enemy that kills companies, Marta shares. This enemy was the driving force behind the conception of NoFraud; their goal was to be one step ahead of these misbehaviors. They now help corporations build value through the prediction, prevention, and detection of undesirable conduct at the workplace. According to Marta’s research, 15-25% of people are never involved in unethical actions. Unfortunately, the larger percentage of people are prone to behaving according to the moment. NoFraud combines fraud triangle theory with artificial intelligence, data analytics and semantics to monitor patterns of keystrokes or communications from an individual.  ResourcesMarta Cadavid on <a href="https://www.linkedin.com/in/marta-cadavid-cams-cfe-aml/" rel="nofollow" target="_blank">LinkedIn</a>Email: <a href="mailto:marta.cadavid.a@gmail.com">marta.cadavid.a@gmail.com</a> <a href="https://www.nofraud.la/" rel="nofollow" target="_blank">NoFraud.la</a> | <a href="http://www.martacadavid.com/" rel="nofollow" target="_blank">MartaCadavid.com</a> To learn more, and contact Vincent Walden, please visit <a href="https://www.alvarezandmarsal.com/our-people/vincent-walden" rel="nofollow" target="_blank">Alvarez and Marsal</a>

Fraud Triangle Analytics Monitoring Using Keystroke Data with Marta Cadavid

Margot Cella is a research and public policy analyst, and Vice President of Research and Anti-Fraud Initiatives at the Center for Audit Quality (CAQ). The CAQ is dedicated to enhancing investor confidence and public trust in the global capital markets. Margot shares how the CAQ is intersecting the accounting and legal compliance professions to improve corporate culture and financial reporting.The CAQ was founded post-Sarbanes-Oxley era by the largest accounting firms, who thought it was necessary to have an organization to serve as the voice of the profession. As a non-partisan, public policy organization, the CAQ frequently works with the PCAOB and the SEC. A notable initiative they carry out is convening capital market stakeholders to advance the discussions of critical issues affecting either audit quality or public company reporting.[4:08]One thing that should be recognized is that professionals in finance are skilled with data, processes and controls. They are always innovating ways to build systems that detect or monitor enterprise and fraud risks, and raise a red flag when something goes beyond what should be a normal transaction or activity. Compliance professionals should be part of these conversations, as their work is impacted by these systems. ResourcesMargot Cella on LinkedInAntiFraudCollaboration.orgTo learn more, and contact Vincent Walden, please visit Alvarez and Marsal 

Margot Cella is a research and public policy analyst, and Vice President of Research and Anti-Fraud Initiatives at the Center for Audit Quality (CAQ). The CAQ is dedicated to enhancing investor confidence and public trust in the global capital markets. Margot shares how the CAQ is intersecting the accounting and legal compliance professions to improve corporate culture and financial reporting. The CAQ was founded post-Sarbanes-Oxley era by the largest accounting firms, who thought it was necessary to have an organization to serve as the voice of the profession. As a non-partisan, public policy organization, the CAQ frequently works with the PCAOB and the SEC. A notable initiative they carry out is convening capital market stakeholders to advance the discussions of critical issues affecting either audit quality or public company reporting.[4:08] One thing that should be recognized is that professionals in finance are skilled with data, processes and controls. They are always innovating ways to build systems that detect or monitor enterprise and fraud risks, and raise a red flag when something goes beyond what should be a normal transaction or activity. Compliance professionals should be part of these conversations, as their work is impacted by these systems. ResourcesMargot Cella on <a href="https://www.linkedin.com/in/margot-cella-925299/" rel="nofollow" target="_blank">LinkedIn</a><a href="https://antifraudcollaboration.org/" rel="nofollow" target="_blank">AntiFraudCollaboration.org</a> To learn more, and contact Vincent Walden, please visit <a href="https://www.alvarezandmarsal.com/our-people/vincent-walden" rel="nofollow" target="_blank">Alvarez and Marsal</a>

The Center for Audit Quality – How They Team with Compliance

Malcolm Wright is the founder of InnoFi Advisory. As a former Chief Compliance Officer at a large cryptocurrency exchange, Malcolm now advises companies on ensuring responsible innovation in digital finance. All companies, and their compliance officers, need to be familiar with cryptocurrencies and the trend towards decentralized finance. Malcolm describes how current compliance concepts such as “Compliance by Design” and “Know Your Customer (KYC)” are still applicable in the crypto space and gives practical advice to legal and compliance professionals on how to navigate in the crypto future. The year 2021 brought with it an explosion of different non-fungible tokens (NFTs) used for funding projects of all shapes and sizes, which often happens in decentralized finance where the whole ecosystem is run by smart contracts - automated contracts driven by code. Having an NFT is basically a digital certificate of provenance. The emergence of these NFTs and their uses has heralded the creator economy, and will revolutionize the way culture, finance, and our societies work.For the last few years in crypto, there has been significant focus on centralized exchanges and custodians, but recently focus has shifted towards other areas of risk. At InnoFi, they consider how risks can present themselves not only from an anti-money-laundering perspective, but also a consumer protection perspective. ResourcesMalcolm Wright on LinkedInTo learn more, and contact Vincent Walden, please visit Alvarez and Marsal 

Malcolm Wright is the founder of InnoFi Advisory. As a former Chief Compliance Officer at a large cryptocurrency exchange, Malcolm now advises companies on ensuring responsible innovation in digital finance. All companies, and their compliance officers, need to be familiar with cryptocurrencies and the trend towards decentralized finance. Malcolm describes how current compliance concepts such as “Compliance by Design” and “Know Your Customer (KYC)” are still applicable in the crypto space and gives practical advice to legal and compliance professionals on how to navigate in the crypto future.  The year 2021 brought with it an explosion of different non-fungible tokens (NFTs) used for funding projects of all shapes and sizes, which often happens in decentralized finance where the whole ecosystem is run by smart contracts - automated contracts driven by code. Having an NFT is basically a digital certificate of provenance. The emergence of these NFTs and their uses has heralded the creator economy, and will revolutionize the way culture, finance, and our societies work. For the last few years in crypto, there has been significant focus on centralized exchanges and custodians, but recently focus has shifted towards other areas of risk. At InnoFi, they consider how risks can present themselves not only from an anti-money-laundering perspective, but also a consumer protection perspective.  ResourcesMalcolm Wright on <a href="https://www.linkedin.com/in/malcolmwright/" rel="nofollow" target="_blank">LinkedIn</a> To learn more, and contact Vincent Walden, please visit <a href="https://www.alvarezandmarsal.com/our-people/vincent-walden" rel="nofollow" target="_blank">Alvarez and Marsal</a>

Responsible Innovation in Crypto and Compliance

Chian Boen is Senior Manager with Johnson &amp; Johnson’s Global Audit &amp; Assurance Group. He is experienced in government and AML investigations, law enforcement, and forensic accounting. He joins Vince Walden to discuss Johnson &amp; Johnson’s strategy for data-driven assurance.Two of the things Chian relies the most on to help him conduct anti-corruption audits and investigations are his team and heavy analytics. If you’re not using certain analytics tools, such as Tableau data visualization, you’re not leveraging as much as you can in terms of investigations. As for investigations, while it is always great to have face-to-face conversations, software like Zoom and Microsoft make things more flexible, as you can use resources on-screen to help you identify body language tells. The COVID-19 pandemic has accelerated innovation and technology, Vince says. People were forced to adapt and improve in such a short time that everything progressed at a much faster pace than it would have otherwise.

Chian Boen is Senior Manager with Johnson &amp; Johnson’s Global Audit &amp; Assurance Group. He is experienced in government and AML investigations, law enforcement, and forensic accounting. He joins Vince Walden to discuss Johnson &amp; Johnson’s strategy for data-driven assurance. Two of the things Chian relies the most on to help him conduct anti-corruption audits and investigations are his team and heavy analytics. If you’re not using certain analytics tools, such as Tableau data visualization, you’re not leveraging as much as you can in terms of investigations. As for investigations, while it is always great to have face-to-face conversations, software like Zoom and Microsoft make things more flexible, as you can use resources on-screen to help you identify body language tells.  The COVID-19 pandemic has accelerated innovation and technology, Vince says. People were forced to adapt and improve in such a short time that everything progressed at a much faster pace than it would have otherwise.

Data-Driven Assurance with Johnson & Johnson's Chian Boen

Bob Mascola

Bob Mascola is a global legal and compliance executive and educator. He is Senior Director of the Program on Corporate Ethics and Compliance at Fordham University School of Law, as well as Senior Counsel at Compliance Systems Legal Group. He joins Vince Walden to discuss compliance from an academic perspective. Fordham University’s program on Corporate Ethics and Compliance is a 30 credit Master’s degree program full of students from different professional backgrounds. Most of the students are working professionals, so they bring real-life experience and insights to enrich classroom discussions. The curriculum is designed to meet the needs of each student, regardless of how diverse their specialties are.The program is helpful in equipping students to add value to the organizations that they're with. In addition to acquiring knowledge about different regulatory frameworks, it teaches skills like legal research, risk assessment, technology training, communications memo writing, and how to conduct investigations. Being familiar enough with data to work with it is essential for future success in compliance. The DOJ and other enforcement authorities are raising their expectations of companies regarding the use of data analytics. If you want to show that you are leading industry expectations, you've got to be the best in data analytics.ResourcesBob Mascola on LinkedIn | Twitter 

Bob Mascola is a global legal and compliance executive and educator. He is Senior Director of the Program on Corporate Ethics and Compliance at Fordham University School of Law, as well as Senior Counsel at Compliance Systems Legal Group. He joins Vince Walden to discuss compliance from an academic perspective.  Fordham University’s program on Corporate Ethics and Compliance is a 30 credit Master’s degree program full of students from different professional backgrounds. Most of the students are working professionals, so they bring real-life experience and insights to enrich classroom discussions. The curriculum is designed to meet the needs of each student, regardless of how diverse their specialties are. The program is helpful in equipping students to add value to the organizations that they're with. In addition to acquiring knowledge about different regulatory frameworks, it teaches skills like legal research, risk assessment, technology training, communications memo writing, and how to conduct investigations.  Being familiar enough with data to work with it is essential for future success in compliance. The DOJ and other enforcement authorities are raising their expectations of companies regarding the use of data analytics. If you want to show that you are leading industry expectations, you've got to be the best in data analytics. ResourcesBob Mascola on <a href="https://www.linkedin.com/in/robert-mascola/" rel="nofollow" target="_blank">LinkedIn</a> | <a href="https://twitter.com/RobertMascola" rel="nofollow" target="_blank">Twitter </a>

Is a Master’s Degree In Compliance On Your Radar? - with Bob Mascola

Jay Leib

Jay Leib is Executive Vice President of Innovation and Strategy at Reveal, an eDiscovery review company. Jay was previously the Chief Strategy Officer at kCura before he founded NexLP, a pioneering AI company in Chicago that was acquired by Reveal. He joins Vince Walden to talk about the work Reveal has been doing, and investigation and eDiscover programs.By the year 2010, data had become much larger than human beings could get through in an efficient manner. It was for this reason that Reveal was founded, as well as to perform as an alternative to Relativity. Reveal’s mission is to help end users, law firms, in-house corporations, investigators and international consultancies “get through whatever their obligation is, as far as data goes, as fast as possible, while finding the key insights and key stories as fast as possible.”After acquiring a company called Brain Space, Reveal created what they call an ‘AI model library.’ Their data science team has built AI models to target specific issues within data to get important documents into the hands of investigators as quickly as possible. AI models have also been built to look for issues surrounding unethical and fraudulent behaviors. ResourcesJay Leib on LinkedIn | TwitterNexLP.com

Jay Leib is Executive Vice President of Innovation and Strategy at Reveal, an eDiscovery review company. Jay was previously the Chief Strategy Officer at kCura before he founded NexLP, a pioneering AI company in Chicago that was acquired by Reveal. He joins Vince Walden to talk about the work Reveal has been doing, and investigation and eDiscover programs. By the year 2010, data had become much larger than human beings could get through in an efficient manner. It was for this reason that Reveal was founded, as well as to perform as an alternative to Relativity. Reveal’s mission is to help end users, law firms, in-house corporations, investigators and international consultancies “get through whatever their obligation is, as far as data goes, as fast as possible, while finding the key insights and key stories as fast as possible.” After acquiring a company called Brain Space, Reveal created what they call an ‘AI model library.’ Their data science team has built AI models to target specific issues within data to get important documents into the hands of investigators as quickly as possible. AI models have also been built to look for issues surrounding unethical and fraudulent behaviors.  ResourcesJay Leib on <a href="https://www.linkedin.com/in/jayleib/" rel="nofollow" target="_blank">LinkedIn</a> | <a href="https://twitter.com/NexLP_Inc" rel="nofollow" target="_blank">Twitter</a><a href="http://www.nexlp.com/" rel="nofollow" target="_blank">NexLP.com</a>

How Artificial Intelligence Libraries are Accelerating Investigation and eDiscovery Programs with Jay Leib

Alan Gibson

Alan Gibson is Director of Legal and Compliance Innovation at Microsoft, where he identifies and incubates market-making opportunities for legal and compliance solutions. With over 20 years of cumulative experience in law, business and compliance, he currently serves as a change agent to revolutionize the way companies measure program effectiveness and manage compliance risks. He joins Vince Walden to define the three horizons of compliance innovation, and what they entail.Alan’s mission is to find new ways that technology can help transform both the business and practice of law and compliance. He spends his time discussing the art of what’s possible with customers and at Microsoft to incentivize foundational technology investments and frame those sorts of conversations. The first horizon of compliance innovation involves solving immediate, important issues, building foundational capabilities, and managing discreet risks within your department. The second involves thinking about the midterm objectives of your overall digital transformation strategies, creating multi-point solutions, and taking advantage of the ability to combine. Finally, the third horizon involves looking at the long-term innovative solutions that can cause disruption and using them as the North Star for the first two horizons. ResourcesAlan Gibson on LinkedInMicrosoft

Alan Gibson is Director of Legal and Compliance Innovation at Microsoft, where he identifies and incubates market-making opportunities for legal and compliance solutions. With over 20 years of cumulative experience in law, business and compliance, he currently serves as a change agent to revolutionize the way companies measure program effectiveness and manage compliance risks. He joins Vince Walden to define the three horizons of compliance innovation, and what they entail. Alan’s mission is to find new ways that technology can help transform both the business and practice of law and compliance. He spends his time discussing the art of what’s possible with customers and at Microsoft to incentivize foundational technology investments and frame those sorts of conversations.  The first horizon of compliance innovation involves solving immediate, important issues, building foundational capabilities, and managing discreet risks within your department. The second involves thinking about the midterm objectives of your overall digital transformation strategies, creating multi-point solutions, and taking advantage of the ability to combine. Finally, the third horizon involves looking at the long-term innovative solutions that can cause disruption and using them as the North Star for the first two horizons.  ResourcesAlan Gibson on <a href="https://www.linkedin.com/in/gibsonalan/" rel="nofollow" target="_blank">LinkedIn</a><a href="http://www.microsoft-careers.com/content/operations/" rel="nofollow" target="_blank">Microsoft</a>

The Three Horizons of Compliance Innovation with Microsoft’s Alan Gibson

Bryan Judice

Bryan Judice is Senior Director of the Office of Ethics and Compliance at Panasonic Avionics Corporation. With over 22 years of experience specializing in conducting forensic investigations and large, complex litigation matters, he has provided financial and business advisory services to clients in a variety of industries, including aerospace, aviation, and financial services. He joins Vince Walden to talk about data-driven compliance, and why it’s more effective.Compliance processes best suited for analytics are available, self-contained, and have few different touchpoints in order to ensure the data isn’t dispersed across too many different systems. Singular compliance initiatives are painless to digest, pull apart and examine, which makes it easier to create analytics to identify where the risks are in your programs. Bryan shares what business processes he has seen work effectively for monitorships in today’s landscape. He also discusses the five things everyone should know before they secure buy-in and budgets for data-driven compliance. ResourcesBryan Judice on LinkedIn

Bryan Judice is Senior Director of the Office of Ethics and Compliance at Panasonic Avionics Corporation. With over 22 years of experience specializing in conducting forensic investigations and large, complex litigation matters, he has provided financial and business advisory services to clients in a variety of industries, including aerospace, aviation, and financial services. He joins Vince Walden to talk about data-driven compliance, and why it’s more effective. Compliance processes best suited for analytics are available, self-contained, and have few different touchpoints in order to ensure the data isn’t dispersed across too many different systems. Singular compliance initiatives are painless to digest, pull apart and examine, which makes it easier to create analytics to identify where the risks are in your programs.  Bryan shares what business processes he has seen work effectively for monitorships in today’s landscape. He also discusses the five things everyone should know before they secure buy-in and budgets for data-driven compliance.  ResourcesBryan Judice on <a href="https://www.linkedin.com/in/bryan-judice-ab18634/" rel="nofollow" target="_blank">LinkedIn</a>

Making the Business Case for Data-Driven Compliance, with Bryan Judice of Panasonic Avionics

Dheeraj Thimmaiah is Global Director of Ethics and Compliance, heading Compliance Analytics at AB InBev. He is data-driven and passionate about innovation. Dheeraj is dedicated to spending close time with AB InBev’s users and customers because even if you have the best tools, your organization will not get far without an audience. He joins Vince Walden to share insights about his role and work at AB InBev.BrewRIGHT is AB InBev's advanced data analytics program, which has 15 different apps and compliance workflows in 60 different countries. BrewRIGHT continuously monitors compliance (which has been especially useful during the pandemic), assists in managing investigations, and allocates resources effectively. Dheeraj shares tips on how to get started on the analytics journey for compliance: ask yourself how you can control the uncertainties, identify the problems, and find a way to use technology as an enabler in building impact. ResourcesDheeraj Thimmaiah on LinkedIn AB-InBev.com

Dheeraj Thimmaiah is Global Director of Ethics and Compliance, heading Compliance Analytics at AB InBev. He is data-driven and passionate about innovation. Dheeraj is dedicated to spending close time with AB InBev’s users and customers because even if you have the best tools, your organization will not get far without an audience. He joins Vince Walden to share insights about his role and work at AB InBev. BrewRIGHT is AB InBev's advanced data analytics program, which has 15 different apps and compliance workflows in 60 different countries. BrewRIGHT continuously monitors compliance (which has been especially useful during the pandemic), assists in managing investigations, and allocates resources effectively.  Dheeraj shares tips on how to get started on the analytics journey for compliance: ask yourself how you can control the uncertainties, identify the problems, and find a way to use technology as an enabler in building impact.  ResourcesDheeraj Thimmaiah on <a href="https://www.linkedin.com/in/dheeraj-thimmaiah/" rel="nofollow" target="_blank">LinkedIn</a> <a href="https://www.ab-inbev.com/home/" rel="nofollow" target="_blank">AB-InBev.com</a>

Data Driven Compliance with AB InBev’s Dheeraj Thimmaiah, Global Director of Ethics and Compliance

The world isn't simple anymore, and on the Walden Pond podcast, your host anti-fraud expert Vince Walden is talking to experts about the technology and compliance trends you need to know about to keep your compliance and fraud detection programs relevant. If you're looking for insights that are practical, timely and innovative... Welcome to the Pond.

The Walden Pond

Henry Dicker

Host Vince Walden welcomes this week’s guest, e-discovery legend Henry Dicker to the podcast. Henry is the President of data privacy and forensic service consultancy firm, Franklin Data. Before that, he worked with ALM in legal tech for 20 years. Vince asks Henry to reflect on the heydays of legal tech. Henry describes the momentous strides made during those early years, including how today’s ediscovery evolved from Boolean search. The main issue, Henry points out, will always be preservation of data. No corporation or advisor can manage the vast amount of data without decent technology. As technology evolves and regulatory demands become greater, firms need to keep up with the times or get left behind. He advises CCOs to engage other departments, even board members, to do this successfully. He lists three questions a CCO should ask himself and other stakeholders: What do you believe is the greatest regulatory risk facing the company? What do you believe is the greatest business risk facing the company?What do you believe is the greatest geographic risk facing the company?Treat these questions like a math or statistical calculation: take the sum of all their answers and align them with your answers to the same question; aggregate them and now you have a starting point for where you should be going.Vince asks Henry about the innovations and technologies that excite him. Henry talks about four such technologies, including the rise of AI and its future implications.Resources Nexem Legal, formerly Franklin Data

Host Vince Walden welcomes this week’s guest, e-discovery legend Henry Dicker to the podcast. Henry is the President of data privacy and forensic service consultancy firm, Franklin Data. Before that, he worked with ALM in legal tech for 20 years. Vince asks Henry to reflect on the heydays of legal tech. Henry describes the momentous strides made during those early years, including how today’s ediscovery evolved from Boolean search. The main issue, Henry points out, will always be preservation of data. No corporation or advisor can manage the vast amount of data without decent technology. As technology evolves and regulatory demands become greater, firms need to keep up with the times or get left behind. He advises CCOs to engage other departments, even board members, to do this successfully. He lists three questions a CCO should ask himself and other stakeholders: What do you believe is the greatest regulatory risk facing the company? What do you believe is the greatest business risk facing the company?What do you believe is the greatest geographic risk facing the company?Treat these questions like a math or statistical calculation: take the sum of all their answers and align them with your answers to the same question; aggregate them and now you have a starting point for where you should be going.Vince asks Henry about the innovations and technologies that excite him. Henry talks about four such technologies, including the rise of AI and its future implications.Resources <a href="https://nexemlegal.com/" rel="nofollow" target="_blank">Nexem Legal,</a> formerly Franklin Data

Staying Ahead With Technology with Henry Dicker

Anil Kona

Legal litigation management represents a multibillion-dollar cost for law firms and corporations. It is a labor-intensive process requiring multiple software applications. Vertical Discovery provides a complete end-to-end workflow automation solution to this problem, powered by artificial intelligence and machine learning. Their software solution, Optimum, was developed by a collaborative team of forensic professionals, e-discovery subject matter experts, legal professionals, and product development specialists from Microsoft. CEO Anil Kona speaks with host Vincent Walden about how Optimum can help law firms and corporations reduce cost and increase productivity.Optimum allows you to manage your litigation matters from a single dashboard. You are able to choose best-in-breed applications for each aspect of litigation management - including HR, asset management and EDRM (Electronic Discovery Reference Model) - and Optimum integrates these tools so that they all speak to each other. In addition, Optimum is template-driven. Once you define the type of litigation matter, it automatically shows you the steps to take to meet requirements. This makes litigation consistent and repeatable across cases. You will also see ROI savings in the form of productivity increases of 55 to 60%, manual error reduction of 96 to 98%, and being able to predict the outcome of your case.Resources:Vertical Discoverysales@verticaldiscovery.com 

Legal litigation management represents a multibillion-dollar cost for law firms and corporations. It is a labor-intensive process requiring multiple software applications. Vertical Discovery provides a complete end-to-end workflow automation solution to this problem, powered by artificial intelligence and machine learning. Their software solution, Optimum, was developed by a collaborative team of forensic professionals, e-discovery subject matter experts, legal professionals, and product development specialists from Microsoft. CEO Anil Kona speaks with host Vincent Walden about how Optimum can help law firms and corporations reduce cost and increase productivity.Optimum allows you to manage your litigation matters from a single dashboard. You are able to choose best-in-breed applications for each aspect of litigation management - including HR, asset management and EDRM (Electronic Discovery Reference Model) - and Optimum integrates these tools so that they all speak to each other. In addition, Optimum is template-driven. Once you define the type of litigation matter, it automatically shows you the steps to take to meet requirements. This makes litigation consistent and repeatable across cases. You will also see ROI savings in the form of productivity increases of 55 to 60%, manual error reduction of 96 to 98%, and being able to predict the outcome of your case.Resources:<a href="https://www.verticaldiscovery.com/" rel="nofollow" target="_blank">Vertical Discovery</a><a href="mailto:sales@verticaldiscovery.com">sales@verticaldiscovery.com</a>

Automating e-Discovery with Anil Kona

John Warren

This week’s guest on The Walden Pond podcast is John Warren, General Counsel for the Association of Certified Fraud Examiners (ACFE). He has been working for several years with the Institute for Fraud Prevention (IFP), an academic research foundation that has provided financial and data support for over 50 studies in the areas of fraud, corruption and white-collar crime. The ACFE Foundation has now taken over the IFP operations. In addition to giving scholarships, the ACFE will support academic researchers to do serious studies on issues that would benefit CFEs and other anti-fraud professionals.As the world’s largest anti-fraud organization, John says that the AFCE is well-suited to disseminate research findings to its 85,000 members who can make practical use of the information. In 2020 and beyond, researchers can compete for funding for projects they believe will drive practical results for anti-fraud professionals. If selected to proceed to the selection round, they must pitch their ideas before a Shark Tank-style selection committee. The committee will then decide on the projects they will support based on budget and the value they believe the project will bring to the industry. John points out that the ACFE prides itself on providing data support, since researchers are always looking for good data. John tells Vince that going forward, he hopes to see corporations and government regulators working alongside academia to solve long-standing problems in the anti-fraud space.ResourcesACFE.comEmail John: jwarren@acfe.com 

This week’s guest on The Walden Pond podcast is John Warren, General Counsel for the Association of Certified Fraud Examiners (ACFE). He has been working for several years with the Institute for Fraud Prevention (IFP), an academic research foundation that has provided financial and data support for over 50 studies in the areas of fraud, corruption and white-collar crime. The ACFE Foundation has now taken over the IFP operations. In addition to giving scholarships, the ACFE will support academic researchers to do serious studies on issues that would benefit CFEs and other anti-fraud professionals. As the world’s largest anti-fraud organization, John says that the AFCE is well-suited to disseminate research findings to its 85,000 members who can make practical use of the information. In 2020 and beyond, researchers can compete for funding for projects they believe will drive practical results for anti-fraud professionals. If selected to proceed to the selection round, they must pitch their ideas before a Shark Tank-style selection committee. The committee will then decide on the projects they will support based on budget and the value they believe the project will bring to the industry. John points out that the ACFE prides itself on providing data support, since researchers are always looking for good data.  John tells Vince that going forward, he hopes to see corporations and government regulators working alongside academia to solve long-standing problems in the anti-fraud space. Resources<a href="https://www.acfe.com/" rel="nofollow" target="_blank">ACFE.com</a>Email John: <a href="mailto:jwarren@acfe.com">jwarren@acfe.com</a>

Pioneering Fraud Prevention Research with John Warren

Sergio Kopelev

Sergio Kopelev is Vice-President of Engagement Management at Stroz Friedberg (an Aon Company). He joins Vince Walden on this week’s show to share stories of the types of cyber threats companies face today. Sergio remarks that while threat actors have always been present, today they are becoming increasingly sophisticated. He describes several ways they hack businesses, including filing false income tax returns and installing ransomware in backup systems. It’s not just that they are gaining access to systems, Sergio says, they are weaponizing that access and gaining from it. Moreover, the weaponization isn’t only through sophisticated technology, they are patiently learning their target businesses, and then attacking them at the most advantageous time for themselves. Cybercrime currently costs companies approximately $4 million per year, but is estimated to reach $6 trillion by 2021.Vince and Sergio discuss the pros and cons of blockchain technology as a security precaution. Sergio agrees that it offers several benefits, once a threat actor does not gain access to someone’s login credentials. If they do, it’s all over. He comments that the risk lies in the two main areas of supply chain and employees. As such, companies should have comprehensive employee training and awareness and should invest in having a strong cyber insurance policy. Every business is being targeted, and threat actors know exactly what they are targeting, so be very careful, Sergio warns.ResourcesSergio Kopelev on LinkedIn Stroz Friedberg (an Aon Company)

Sergio Kopelev is Vice-President of Engagement Management at Stroz Friedberg (an Aon Company). He joins Vince Walden on this week’s show to share stories of the types of cyber threats companies face today. Sergio remarks that while threat actors have always been present, today they are becoming increasingly sophisticated. He describes several ways they hack businesses, including filing false income tax returns and installing ransomware in backup systems. It’s not just that they are gaining access to systems, Sergio says, they are weaponizing that access and gaining from it. Moreover, the weaponization isn’t only through sophisticated technology, they are patiently learning their target businesses, and then attacking them at the most advantageous time for themselves. Cybercrime currently costs companies approximately $4 million per year, but is estimated to reach $6 trillion by 2021. Vince and Sergio discuss the pros and cons of blockchain technology as a security precaution. Sergio agrees that it offers several benefits, once a threat actor does not gain access to someone’s login credentials. If they do, it’s all over. He comments that the risk lies in the two main areas of supply chain and employees. As such, companies should have comprehensive employee training and awareness and should invest in having a strong cyber insurance policy. Every business is being targeted, and threat actors know exactly what they are targeting, so be very careful, Sergio warns. ResourcesSergio Kopelev on <a href="https://www.linkedin.com/in/skopelev" rel="nofollow" target="_blank">LinkedIn</a> <a href="https://www.aon.com/cyber-solutions" rel="nofollow" target="_blank">Stroz Friedberg</a> (an Aon Company)

Cyber Tales From The Crypt with Sergio Kopelev

Lee Tiedrich

Vince Walden welcomes Lie Tiedrich to the Walden Pond podcast this week. Lee is a partner at Covington and Burling where she co-chairs the firm’s global and multidisciplinary artificial intelligence (AI) practice. AI is at the intersection of law and technology, she says. The technology is growing faster than the law, and Covington helps clients navigate the evolving legal landscape so they can capitalize on the opportunities presented by AI. Other aspects of their work include product counseling, advising clients how to improve their operational efficiency using AI, and advising clients about how to adapt their business based on the policy landscape.What is AI?Lee defines AI as using computing to automate, imitate or emulate human behavior. There are three key components to AI, algorithms and code, data, and hardware. Advancement in digital and hardware technology is greatly responsible for the enthusiasm for AI in the market. Lee predicts that the adoption and development of AI will continue to grow. Compliance Professionals Need to KnowIf you’re using AI or planning to, you should be aware of the key issues and policy developments, especially in your jurisdiction. The policy landscape is evolving rapidly. If AI is relevant to your business, become informed of where the policy is going and think about how that impacts your business and what type of changes you might need to make to your operations. Another issue that’s relevant to compliance professionals is how to make AI trustworthy to enjoy its benefits while mitigating against unintended harms. Lee says that governance is an effective tool to help manage the data, development, and deployment of AI. Given the rapidly evolving landscape and the growing interest in AI, organizations should dedicate some resources to understanding the AI legal landscape.ResourcesInsideTechMedia.comLaw 360 article: The 10 Best Practices For Due Diligence in AI Transactions 

Vince Walden welcomes Lie Tiedrich to the Walden Pond podcast this week. Lee is a partner at Covington and Burling where she co-chairs the firm’s global and multidisciplinary artificial intelligence (AI) practice. AI is at the intersection of law and technology, she says. The technology is growing faster than the law, and Covington helps clients navigate the evolving legal landscape so they can capitalize on the opportunities presented by AI. Other aspects of their work include product counseling, advising clients how to improve their operational efficiency using AI, and advising clients about how to adapt their business based on the policy landscape. What is AI?Lee defines AI as using computing to automate, imitate or emulate human behavior. There are three key components to AI, algorithms and code, data, and hardware. Advancement in digital and hardware technology is greatly responsible for the enthusiasm for AI in the market. Lee predicts that the adoption and development of AI will continue to grow.  Compliance Professionals Need to KnowIf you’re using AI or planning to, you should be aware of the key issues and policy developments, especially in your jurisdiction. The policy landscape is evolving rapidly. If AI is relevant to your business, become informed of where the policy is going and think about how that impacts your business and what type of changes you might need to make to your operations. Another issue that’s relevant to compliance professionals is how to make AI trustworthy to enjoy its benefits while mitigating against unintended harms. Lee says that governance is an effective tool to help manage the data, development, and deployment of AI. Given the rapidly evolving landscape and the growing interest in AI, organizations should dedicate some resources to understanding the AI legal landscape. Resources<a href="https://www.insidetechmedia.com/" rel="nofollow" target="_blank">InsideTechMedia.com</a>Law 360 article: <a href="https://www.cov.com/-/media/files/corporate/publications/2018/09/10_best_practices_for_due_diligence_in_ai_transactions.pdf" rel="nofollow" target="_blank">The 10 Best Practices For Due Diligence in AI Transactions</a>

Legal Trends in Artificial Intelligence with Lee Tiedrich

Amir Weinberg

Amir Weinberg is the CEO of Valire Software, an innovative software company that specializes in anti-fraud technology. He talks to host Vince Walden about his company’s origin, and their cognitive fraud detection software.Origin of Valire SoftwareAmir has a background in software testing, having founded two successful companies before Valire. He saw the need for forensic technology that was efficient and affordable. The opportunity to commit fraud within an enterprise is prevalent, he says. Valire Software was Amir’s response to this unmet market need. They focus on queue to pay, order to cash and Human Resources fraud schemes.Cognitive Fraud DetectionVince asks Amir to describe cognitive fraud detection. Amir responds that the idea is to adopt the machine learning cycle where you base your conclusion on the data findings, and still use human knowledge to determine what makes sense. Valire Software applies machine learning in a mission learning environment in order to improve the detection and recovery of funds. He gives two examples of how his company thwarted fraud schemes and recovered millions in cash.What Compliance Professionals Should KnowIf you are thinking about using Data Analytics in your business, Amir says that you should know how to extract and access data and incorporate it into your system. Then you need to be able to learn from the data, based on the common patterns and specific needs of your company. Vince adds that there's no one-size-fits-all solution across the industry. There's no magic bullet, he says. Flexibility is key.ResourcesValireSoftware.com

Amir Weinberg is the CEO of Valire Software, an innovative software company that specializes in anti-fraud technology. He talks to host Vince Walden about his company’s origin, and their cognitive fraud detection software. Origin of Valire SoftwareAmir has a background in software testing, having founded two successful companies before Valire. He saw the need for forensic technology that was efficient and affordable. The opportunity to commit fraud within an enterprise is prevalent, he says. Valire Software was Amir’s response to this unmet market need. They focus on queue to pay, order to cash and Human Resources fraud schemes. Cognitive Fraud DetectionVince asks Amir to describe cognitive fraud detection. Amir responds that the idea is to adopt the machine learning cycle where you base your conclusion on the data findings, and still use human knowledge to determine what makes sense. Valire Software applies machine learning in a mission learning environment in order to improve the detection and recovery of funds. He gives two examples of how his company thwarted fraud schemes and recovered millions in cash. What Compliance Professionals Should KnowIf you are thinking about using Data Analytics in your business, Amir says that you should know how to extract and access data and incorporate it into your system. Then you need to be able to learn from the data, based on the common patterns and specific needs of your company. Vince adds that there's no one-size-fits-all solution across the industry. There's no magic bullet, he says. Flexibility is key. Resources<a href="http://www.valiresoftware.com/" rel="nofollow" target="_blank">ValireSoftware.com</a>

Innovative Fraud Detection with Amir Weinberg

Matthew Madden is the Senior Director of Solutions Marketing at Alteryx, and this week’s guest. With over 16 years of experience in sales and marketing, Matt possesses an in-depth understanding of the industry as a whole. He has been in the analytic space for 20 years. He joins Vince Walden to discuss insights about data blending and analytics. Data is the key to getting the insights businesses need to drive their outcomes, Matt says. Alteryx revolutionizes businesses through the data science and analytics process by empowering members of the organization regardless of their skill set. Alteryx helps them to transform their data into something actionable, and provides the building blocks that enable them to go from one extreme of the analytic lifecycle to the next. According to a study conducted with the Harvard Business Review, on average, analysts are using 3 to 5 different data sources to do their analysis. Alteryx gives users the ability to prepare and blend that data from those multiple sources within a drag-and-drop workflow environment. Being able to organize your data in one place reduces the risk of it being lost.  ResourcesMatthew Madden on LinkedIn Alteryx.com

Matthew Madden is the Senior Director of Solutions Marketing at Alteryx, and this week’s guest. With over 16 years of experience in sales and marketing, Matt possesses an in-depth understanding of the industry as a whole. He has been in the analytic space for 20 years. He joins Vince Walden to discuss insights about data blending and analytics.  Data is the key to getting the insights businesses need to drive their outcomes, Matt says. Alteryx revolutionizes businesses through the data science and analytics process by empowering members of the organization regardless of their skill set. Alteryx helps them to transform their data into something actionable, and provides the building blocks that enable them to go from one extreme of the analytic lifecycle to the next.  According to a study conducted with the Harvard Business Review, on average, analysts are using 3 to 5 different data sources to do their analysis. Alteryx gives users the ability to prepare and blend that data from those multiple sources within a drag-and-drop workflow environment. Being able to organize your data in one place reduces the risk of it being lost.   ResourcesMatthew Madden on <a href="https://www.linkedin.com/in/matthew-madden-931b6b3/" rel="nofollow" target="_blank">LinkedIn</a> <a href="https://www.alteryx.com/" rel="nofollow" target="_blank">Alteryx.com</a>

From Investigative Data Blending to Data Insights with Alteryx

Jonathan Nystrom

Jonathan Nystrom is the CEO of Intensity Analytics, and this week’s guest. He joins Vince Walden to talk about his company’s program, TickStream, which uses astronomical principles to protect virtual identity. Identity is the bedrock on which virtually everything in our world operates, Jonathan says. It affects every facet of a company, and while the IT department plays a big role, it is management’s job to establish it. How we protect identity today is a conglomeration of rules that our adversaries will learn to break if we continue to do things the same way. There are 300 billion passwords currently in use and most of them have no protection in terms of multi-factor authentication. More than 80% of breaches occur as a result of stolen credentials. Intensity Analytics has developed a solution that enables systems to recognize you based on your unique password typing frequency. It is an added layer of authentication security that proves your identity rather than proving you possess access to your account. The algorithms were developed using insights from astronomy, and are now patented as a part of a core of the technology. It doesn’t even need to know your password, Jonathan says, just how you type it. Attempting to use other principles left it prey to a mathematical limitation called the Curse of Dimensionality, which comes up when comparing an infinite number of items to determine similarities. This technology falls under the category of movement biometrics, which are more reliable than standard biometrics. Movement is being captured at a microscopic level, preventing the possibility of anyone else successfully impersonating you. ResourcesJonathan Nystrom on LinkedIn | TwitterIntensityAnalytics.com

Jonathan Nystrom is the CEO of Intensity Analytics, and this week’s guest. He joins Vince Walden to talk about his company’s program, TickStream, which uses astronomical principles to protect virtual identity. Identity is the bedrock on which virtually everything in our world operates, Jonathan says. It affects every facet of a company, and while the IT department plays a big role, it is management’s job to establish it. How we protect identity today is a conglomeration of rules that our adversaries will learn to break if we continue to do things the same way.  There are 300 billion passwords currently in use and most of them have no protection in terms of multi-factor authentication. More than 80% of breaches occur as a result of stolen credentials. Intensity Analytics has developed a solution that enables systems to recognize you based on your unique password typing frequency. It is an added layer of authentication security that proves your identity rather than proving you possess access to your account. The algorithms were developed using insights from astronomy, and are now patented as a part of a core of the technology. It doesn’t even need to know your password, Jonathan says, just how you type it. Attempting to use other principles left it prey to a mathematical limitation called the Curse of Dimensionality, which comes up when comparing an infinite number of items to determine similarities.  This technology falls under the category of movement biometrics, which are more reliable than standard biometrics. Movement is being captured at a microscopic level, preventing the possibility of anyone else successfully impersonating you.  ResourcesJonathan Nystrom on <a href="https://www.linkedin.com/in/jonathan-nystrom-profile/" rel="nofollow" target="_blank">LinkedIn</a> | <a href="https://twitter.com/jdn6171" rel="nofollow" target="_blank">Twitter</a><a href="http://www.intensityanalytics.com/" rel="nofollow" target="_blank">IntensityAnalytics.com</a>

Reinventing Identity and Access Management Based on Mathematical Principles from the Stars with Jonathan Nystrom

Jerry Dent

Jerry Dent is the Practice Leader and Managing Director at Alvarez and Marsal. He joins host Vince Walden to talk about leadership and team communication during times of crisis. One positive thing that arose from the outbreak was that the US and Europe recognized they had a narrow window of preparation from studying the situation in China. Alvarez and Marsal were able to prepare to have an infrastructure that supported a remote environment. He gives examples of what his company is doing to maintain connectivity and productivity across all professional levels, and keep their employees engaged. The challenge for those in legal and compliance would be the pivot from face-to-face meetings or sessions such as site inspections, interviews, and court appearances. Jerry has faith that quick adaptation will occur. Four risks that are critical due the switch to a remote environment are: cyber predators, social media and employee conduct, data protection and privacy, and employee engagement and connectivity. Jerry stresses that we have all been dealt the same hand, businesses included, so no one business has any huge advantage over another. During a crisis, it comes down to a company’s culture and communication to keep it afloat. ResourcesJerry Dent on LinkedIn AlvarezandMarsal.com

Jerry Dent is the Practice Leader and Managing Director at Alvarez and Marsal. He joins host Vince Walden to talk about leadership and team communication during times of crisis. One positive thing that arose from the outbreak was that the US and Europe recognized they had a narrow window of preparation from studying the situation in China. Alvarez and Marsal were able to prepare to have an infrastructure that supported a remote environment. He gives examples of what his company is doing to maintain connectivity and productivity across all professional levels, and keep their employees engaged.  The challenge for those in legal and compliance would be the pivot from face-to-face meetings or sessions such as site inspections, interviews, and court appearances. Jerry has faith that quick adaptation will occur. Four risks that are critical due the switch to a remote environment are: cyber predators, social media and employee conduct, data protection and privacy, and employee engagement and connectivity.  Jerry stresses that we have all been dealt the same hand, businesses included, so no one business has any huge advantage over another. During a crisis, it comes down to a company’s culture and communication to keep it afloat.  ResourcesJerry Dent on <a href="https://www.linkedin.com/in/jerry-dent-a518457/" rel="nofollow" target="_blank">LinkedIn</a> <a href="http://www.alvarezandmarsal.com/en/professionals/profile.aspx?ID=2470" rel="nofollow" target="_blank">AlvarezandMarsal.com</a>

Leadership and Communication in a Crisis with Jerry Dent

Leslie Benton

Leslie Benton is the Vice President of Ethisphere Institute. She chats with Vince Walden about how her company helps businesses with anti-corruption, assessments and benchmarking. Leslie shares her background in the field of anti-corruption, and how she became Vice President of Ethisphere. She mentions that she has gained perspectives from both the private sector and NGOs. Ethisphere has created a methodology platform for companies to internally assess their programs, which they can take to score the maturity of their programs in various areas such as corruption and cyber security. Ethisphere encourages companies to take a deep dive into their own programs with the platform’s assessment tools, which allow them to address and identify areas of high and low performance. The maturity scoring provides metrics that can be tracked over time as they improve, and are used as benchmark data. The platform also has other tools and resources that help companies ensure their programs are in a cycle of continual improvement. Leslie advises companies to regularly monitor their third parties, as their involvement brings numerous risks. ResourcesLeslie Benton on LinkedIn Ethisphere.com

Leslie Benton is the Vice President of Ethisphere Institute. She chats with Vince Walden about how her company helps businesses with anti-corruption, assessments and benchmarking. Leslie shares her background in the field of anti-corruption, and how she became Vice President of Ethisphere. She mentions that she has gained perspectives from both the private sector and NGOs. Ethisphere has created a methodology platform for companies to internally assess their programs, which they can take to score the maturity of their programs in various areas such as corruption and cyber security. Ethisphere encourages companies to take a deep dive into their own programs with the platform’s assessment tools, which allow them to address and identify areas of high and low performance. The maturity scoring provides metrics that can be tracked over time as they improve, and are used as benchmark data. The platform also has other tools and resources that help companies ensure their programs are in a cycle of continual improvement. Leslie advises companies to regularly monitor their third parties, as their involvement brings numerous risks.  ResourcesLeslie Benton on <a href="https://www.linkedin.com/in/leslie-benton-bb8389a/" rel="nofollow" target="_blank">LinkedIn</a> <a href="http://ethisphere.com/" rel="nofollow" target="_blank">Ethisphere.com</a>

A Viable Anti-Corruption Solution with Leslie Benton

The best podcast episodes on non-current politics. Covering topics such as universal basic income, democracy, poverty & justice and more. For anyone interested in learning more about politics that affect that world, not just now, but in the longer term. Add episodes you're interested into your queue below!

Best Non-Current Politics Podcasts

What is this?
1 quote, 3 ideas & 1 question from a carefully curated podcast episode.
Every Monday & Wednesday.

Want a 3rd insight and episode every week? Email me at curation@owltail.com.