Let's do some brainstorming

What happens when you fill a boardroom with highly intelligent people and ask them a few questions about fraud topics? You yield 90 minutes of insights that can't be contained in one article.

On Sunday, June 12, at the beginning of the 27th Annual ACFE Global Fraud Conference, Fraud Magazine invited the members of the ACFE Board of Regents to ruminate on important issues that affect all members. 

In this article, the Regents discuss new frauds on the horizon, data breaches, new practices and training millennials as practitioners. 

The participants were: Board Assistant Treasurer Sidney P. Blum, CFE, CPA, CFF, owner, Sidney P. Blum, CPA; Chair Tiffany R. Couch, CFE, CPA, CFF, principal, Acuity Forensics; Secretary Leah D. Lane, CFE, director, Global Investigations, Texas Instruments Inc.; Treasurer Nancy E. Rich, MPA, CFE, U.S. Naval Criminal Investigative Service; and Vice Chair David C. Rule, MBA, CFE, CISM, CPP, managing partner, Xione Group, Ltd.

(Comments have been edited for space and clarity.)

FM: What are some frauds that you feel are on the horizon that you're just starting to get word of — maybe a change in a particular fraud you've been looking at for some time but has piqued your curiosity? Or are you seeing the same crimes that you're seen the last five years?