Fraud Management & Cybercrime , Video

Using the Right Tools to Investigate Fraud

Kroll's Richard Plansky on How to Approach Fraud Investigations
Richard Plansky, North America regional managing director for forensic investigations and intelligence practice at Kroll

Many enterprises conduct fraud investigations on a regular basis but do not get value from them, says Richard Plansky, North America regional managing director for forensic investigations and intelligence practice at Kroll.

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"It is a question of approach. It is a question of matching tools to the primary challenge of fraud investigations in today's world. The primary challenge now is no longer about finding data; it is about finding the needle in the haystack," Plansky says.

"Fraud investigation, bribery and corruption investigation are still investigated using search terms, which is not an effective way of looking at a data. Enterprises must leverage the latest tools - including natural language processing. And artificial intelligence can make this model better."

In this video interview with Information Security Media Group, Plansky also discusses:

  • Why the cost of fraud investigations is going up;
  • The latest fraud tools to leverage for investigations;
  • How having a right data governance policy can help.

Plansky is the North America regional managing director for forensic investigations and intelligence practice at Kroll. He has more than 25 years of experience in planning, executing and leading complex investigations.


About the Author

Suparna Goswami

Suparna Goswami

Associate Editor, ISMG

Goswami has more than 10 years of experience in the field of journalism. She has covered a variety of beats including global macro economy, fintech, startups and other business trends. Before joining ISMG, she contributed for Forbes Asia, where she wrote about the Indian startup ecosystem. She has also worked with UK-based International Finance Magazine and leading Indian newspapers, such as DNA and Times of India.




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