LRG Company News

Our special Fraud Week 2020 Coffee Break Series highlights fraud-related stories and insights from Certified Fraud Examiners and forensics professionals at Lowers Risk Group.

November 12, 2020 (Purcellville, VA) — Fraud costs organizations worldwide an estimated 5 percent of their annual revenues, according to a study conducted by the Association of Certified Fraud Examiners (ACFE). The global COVID-19 pandemic has worsened the challenge of fraud prevention as organizations report a rise in nearly every type of fraud since the start of the pandemic, according to the ACFE.

The seriousness of the global fraud problem is why Lowers Risk Group announced that it will again be participating in International Fraud Awareness Week, Nov. 15-21, 2020, as an official supporter to promote anti-fraud awareness and education. The movement, known commonly as Fraud Week, champions the need to proactively fight fraud and help safeguard businesses and investments from the growing fraud problem.

Lowers Risk Group joins hundreds of organizations who have partnered with the ACFE, the world’s largest anti-fraud organization and premier provider of anti-fraud training and education, for the yearly Fraud Week campaign.

During Fraud Week, Lowers Risk Group will post a special Coffee Break Series, consisting of short videos and articles on its risk management blog at blog.lowersrisk.com and LinkedIn page. The series schedule is as follows:

Monday, Nov. 16: Fraud in the Time of COVID-19 Pandemic: How the Pandemic is Helping to Mask Fraud
Featuring: Mark Lowers, CFE, Founder and CEO, Lowers Risk Group and Brad Moody, CFE, CFI, EVP of Operations, Lowers & Associates

Tuesday, Nov. 17: Fraud Runs Amok: Where Are the Whistleblowers and Auditors Today?

Wednesday, Nov. 18: Got Situational Awareness? Looking at the Fraud Triangle During COVID-19
Featuring: Carlos Rivera, CFE, MAFF, Senior Vice President – Caribbean & Latin America, Lowers Forensics International and Grant Mizel, Financial Analyst, Emerging Markets, Lowers Risk Group

Thursday, Nov. 19: Cyberfraud and COVID-19: Think You’re Not at Risk? Think Again.
Featuring: Steven Schwartz, Chief Revenue Officer, Periculus

Friday, Nov. 20: Lessons Learned from Real-Life Stories of Fraud
Featuring: Neil Watson, Director, Global Operations, Lowers & Associates

Mark Lowers, President and CEO of Lowers Risk Group, remarks, “During these unprecedented times where organizations are under immense pressure to address the impacts of the pandemic, among other social and economic challenges, they also face the unfortunate reality of fraud. According to the ACFE, nearly every category of fraud has increased during the pandemic and because of that, this year’s Fraud Week efforts are especially important. We are proud to support the ACFE and Fraud Week for our sixth consecutive year.”

For more information about increasing awareness and reducing the risk of fraud during International Fraud Awareness Week, visit FraudWeek.com.

About the Lowers Risk Group

Lowers Risk Group provides comprehensive enterprise risk management solutions to organizations operating in high-risk, highly-regulated environments and organizations that value risk mitigation. The company’s human capital and specialized industry enterprise risk management solutions protect people, brands, and profits from avoidable loss and harm. For more information, visit lowersriskgroup.com.

Media Contact

Michael Gaul
EVP, Marketing
Lowers Risk Group
mgaul@lowersriskgroup.com
(540) 338-7151