Experience fraud examination

The white-collar hacking contest is a serious game to teach, discuss, and advance fraud examination methods and techniques. Participants compete against each other as they, in turn, act as fraudsters and fraud examiners. Enterprise resource planning systems serve as the playing field.

Experience what it means to be a fraudster

  • Develop a fraud scheme.
  • Realize the fraud scheme in enterprise resource planning systems.
  • Use the functionality of the enterprise resource planning system to camouflage suspicious activities.
  • Survive the investigation by fraud examiners

Experience what it takes to be a successful fraud examiner

  • Understand how business processes are represented in an enterprise resource planning system.
  • Analyze data of business transactions.
  • Identify red flags in the data
  • Uncover the fraud scheme and collect hard evidence.
  • Confront the fraudster.

Compete against each other
Participants compete against each other as they, in turn, act as fraudsters and fraud examiners.

  1. Devise a fraud scheme and realize it in the enterprise resource planning system.
  2. We will swap the systems between participants.
  3. Examine the system of another participant for fraud. You know it is in there but where?

The key to success is to combine skills in accounting and management with the forensic capabilities to investigate enterprise information systems and to establish credible evidence of fraud, even when facing highly ambiguous cases.

Wait, but isn’t this like training the criminals of the future?
We firmly believe it is not. Instead, thinking and acting as a fraudster in a safe-guarded environment is an invaluable experience on the way of becoming a highly effective fraud examiner.

History

Want to know more?
Learn more by reading this paper or leave a comment and we will get back to you!

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