Greetings. Here are your articles for November 2020
November 15-21, 2020 is
International Fraud Awareness Week
November 15 – 21, 2020 is International Fraud Awareness Week. SobelCo is a supporting organization, so we are posting useful fraud-related information throughout the month of November!

Our colleague, Megan Kelly, wrote about the Association of Certified Fraud Examiners’ 2020 Report to the Nations, a global study on occupational fraud and abuse in a recent article. Megan shared important information about the types of occupational fraud, characteristics of perpetrators and victims, and methods of detection.
Are Your Videoconferences Secure?
Coronavirus and the social distancing required to help contain its spread have caused the rapid expansion of the use of videoconferencing as a business tool, replacing in-person meetings and travel. Of course, this has been accompanied by a corresponding increase in the exploitation of security gaps in videoconferencing platforms by malicious actors seeking access to sensitive data.
New Advisories on Ransomware Payments
Both the Financial Crimes Enforcement Network (FinCEN) and the U.S. Department of Treasury’s Office of Foreign Assets Control (OFAC) have issued recent advisories concerning ransomware payments.[1]

Ransomware attacks occur when a cyber actor uses malicious software (“malware”) to block access to a computer network or data, and offers to restore access in exchange for payment of ransom. Ransom is generally demanded in the form of some type of cryptocurrency, such as Bitcoin, Ethereum, or Monero, as they lend a level of anonymity desired by criminals that fiat currencies do not provide.
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Thank you to Rebecca Fitzhugh, CPA/CFF, CFE, MBA, CIT, CIGA, for authoring the articles in this month's issue of Point of Fact. Rebecca is, Member of the Firm, serving in the Forensic Accounting/Litigation Services Group