Fraud in a COVID World
Field: Fraud | Delivery Method: Self Study | CPE Hours: 2.5
The rapid onset of the COVID-19 pandemic has created havoc in all aspects of our business and personal lives. To make matters worse, the virus itself isn’t the only element invading our lives. Fraudsters have found a whole new avenue to perpetrate schemes and scams.
From January 1, 2020 through April 15, 2020, the FTC received 18,235 reports related to COVID-19, and people reported losing $13.4M to fraud. The top complaint categories relate to travel and vacations, online shopping and bogus text messages.
Fraud related to COVID-19 is occurring in multiple types of schemes and scams including:
- Medical testing, vaccines and medical equipment
- Travel and vacations
- Online shopping
- Internet Services
- Contact tracing
- The CARES Act and the Payroll Protection Program
These are just a few of the most prominent schemes that have arisen. During this session, we will delve into the intricacies of the COVID-19 pandemic and how it is impacting the world of fraud.
- Examine types of COVID-19 medical testing schemes
- Evaluate current FTC Statistics on COVID related fraud
- Examine FBI Fraud Warnings related to COVID related schemes
- Examine fraud that will occur with the CARES Act and Payroll Protection Program
- Identify tips for preventing and mitigating fraud
Delivery Method: Self Study
What Others Are Saying About This Course;
"As someone who has been the target of identity theft, I'm always vigilant of the types of electronic and telephone communications that seek to defraud individuals, as I have received a large volume of phishing scams, robocalls, and extortion emails. I highly recommend this course that focuses on the different types of fraud amidst the COVID-19 pandemic. Scammers and other predatory entities are seeking to take advantage of people during this challenging time, and we as employees, employers, and consumers must be armed with knowledge to avoid getting swindled."
Consultant, CPA, CGMA, CRMA, MBA, Past Chief Audit Executive
Business Consultant, Trainer, Author
Ms. Fountain has over 40 years of experience spanning public accounting, industry accounting and consulting. Sixteen years of that experience has been in the field of internal audit, risk managment and process improvement. She is well adept to assist your organization evaluate business strategy, perform risk assessments, establish a Sarbanes-Oxley process, synergizing internal audit processes or perform process improvement projects.
As a past corporate executive Lynn has a passion for working with professionals to enhance their processes and provide leading edge education. She has authored and delivered hundreds of training courses for accounting, finance and audit professionals. Her training is filled with not just theory but real world application.
Ms. Fountain has authored three technical publications:
-Leading the Internal Audit Function
-Raise the Red Flag
-Ethics and the Internal Auditor's political dilemma
Lynn is a recognized leader in the internal audit profession as well as a recognized business professional.
Ms. Fountain obtained her BSBA from Pittsburg State University and her MBA from Washburn University in Kansas. She has active, current CPA, CGMA, and CRMA credentials.