This training programme is aligned to the Karmayogi competency on Vigilance Administration, Litigation Management, and Financial Management.

PROGRAMME OVERVIEW

The occurrence of fraud has reached a colossal scale, making its identification, detection, and prevention more critical than ever. Fraud is a pervasive threat in today’s financial and operational landscape, with both traditional financial fraud and advanced cyber fraud posing significant risks. The 5-Day Management Development Programme (MDP) on Fraud Risk Management and Forensic Safeguards: Mitigating Modern Threats in Financial Operations is designed to equip participants with the knowledge, tools, and skills necessary to effectively manage and mitigate fraud risks.

This programme, jointly organized by the Administrative Staff College of India (ASCI) and the NALSAR University of Law, offers a unique blend of theory, practical exposure, and actionable insights. It is tailored for officials in central and state governments, executives from financial institutions, compliance officers, risk managers, and audit professionals. Participants will gain a holistic understanding of fraud risk management across financial and cyber domains. The programme balances traditional fraud prevention approaches with cutting-edge digital forensics and cybersecurity practices, ensuring applicability to modern challenges.

KEY FEATURES

1. Comprehensive Curriculum: Coversthe entire fraud risk management lifecycle, including identification, assessment, mitigation, investigation, and recovery.

2. Interactive Lab Sessions: Hands-on practice with advanced tools and techniques such as:

   • OSINT Framework: Criminal IP, Zoom Eye, Social Links – Crime wall, NMAP, WIRESHARK, IP quality score Etc

  • Kali Linux FTK: Understanding Social Media Engineering attack tooltkit – Spiderfoot, Shodan, Maltego Tazama Real-Time Open Source Software for Fraud Detection      For cybersecurity and fraud investigation. Exploring the Cyber forensics life cycle using Access Data FTK, Autopsy Forensic Browser on devices with digital artifacts        for Imaging, Hashing, Carving, Analysis and Reporting as per the legal framework.

 • PyOD: A Python toolkit for outlier detection and fraud analytics.

 • Maltrail: A malicious traffic detection system for cyber fraud in financial transactions.

 • MITRE ATTACK Frameworks: A open framework for implementing cybersecurity detection and response programmes using a global knowledge base (Pubic records – surface, deep and dark) of adversarial tactics, techniques, and procedures (TTPs) based

• on real-world observations, Framework further helps us to understanding Cyber Kill chain, cyber fraud Incidence response and mitigation procedures.

• Enterprise Fraud Detection Tools: SEON.IO, FRAUDLABS, SIMILITY, RISKIFIED etc

3. Real-World Case Studies: Explore landmark fraud incidents, including insider fraud, cyber heists, and operational failures.

4. Legal and Regulatory Frameworks: Insights into laws such as the Information Technology Act, Companies Act, RBI Act, and Prevention of Money Laundering Act, along with their implications in fraud cases.

5. Forensic Safeguards: Learn digital forensics techniques for evidence collection, fraud investigation, and preparing reports for court submission.

6. Final Group Project: A simulation-based fraud risk management project to integrate learning into a practical, actionable framework.

IMPACT

• Recognize and address emerging fraud risks in financial and operational domains.

• Implement comprehensive fraud risk management frameworks.

• Use advanced digital forensic tools and techniques for fraud detection and analysis.

• Understand the legal and regulatory implications of financial and cyber fraud.

• Develop actionable fraud response plans, including investigation and reporting.

CONTENT

Overview of Fraud Risk Management in Financial Operation - Risk Assessment and Fraud Detection Techniques - Building a Fraud Risk Management Framework - Forensic Accounting and Fraud Investigation - Role of forensic accountants in fraud detection and investigation - Investigative Procedures and Evidence Collection - Legal and Ethical Considerations in Forensic Investigations - Cyber Fraud and Modern Threats in Financial Operations - Protecting Financial Operations from Cyber Threats- Using AI and machine learning in fraud prevention - Legal and Regulatory Framework for Cyber Fraud - Forensic Safeguards and Anti-Fraud Technologies - Anti-Fraud Technologies and Tools - Case Study: Implementation of Forensic Safeguards in Financial Institutions - Real-world examples of successful fraud mitigation strategies - Developing a FraudResistant Organizational Culture - Future of Fraud Risk Management.

PARTICIPANTS PROFILE

This programme equips professionals with the skills and insights needed to effectively manage fraud risks and safeguard financial operations, blending the oretical foundations with practical exposure. It addresses both traditional financial fraud and emerging cyber threats, making it ideal for a diverse range of participants, including:

1. Government officials and policymakers at central and state levels

2. Bank officials and financial executives responsible for regulatory oversight and anti-fraud strategies Note: Kindly forward us the details of Bank / Wire transfer of fee         payment indicating the programme title and date to [email protected] for confirmation.

3. Compliance, legal, and risk management professionals ensuring adherence to legal and regulatory standards

4. Audit professionals involved in detecting and preventing fraud

5. Officers managing and implementing digital transformation and digital governance projects

6. IT and cybersecurity professionals focused on mitigating cyber risks and conducting digital forensics

7. Industry leaders in banking, healthcare, and technology

8. Academicians and researchers advancing fraud risk management and digital forensics practices

Organisational sponsorship is essential

VENUE

The programme is conducted at the picturesque campus of ASCI, Hyderabad. It is fully residential, and participants will be accommodated in air-conditioned single-occupancy rooms. The college does not provide accommodation for family members. The campus is comprehensively Wi-Fi enabled.

PROGRAMME DURATION AND DATE

The programme duration is 5 days. The participants are expected to arrive a day before commencement and may leave after the conclusion of the programme. The dates are as follows

1. April 07 - 11, 2025

2. July 14 - 18, 2025

3. October 27 - 31, 2025

4. February 16 - 20, 2025

PROGRAMME FEE

Residential Fee: Rs. 69,500/- (US $1086 for foreigners) plus GST as applicable, presently 18% per participant. The fee covers tuition, board and lodging, courseware (in electronic form), and other facilities of the College including internet usage.

Non-Residential Fee: Rs.59,500/- plus GST as applicable, presently 18% per participant. The fee covers tuition, courseware (in electronic form) working lunch, and other facilities of the College including internet usage.

A discount of 10% on the Programme fee will be given for three or more participants nominated by the same organisation, provided the payment is credited into our Bank account at least a week before the Programme Date

Note: Kindly forward us the details of Bank / Wire transfer of fee payment indicating the programme title and date to [email protected] for confirmation.

MEDICAL INSURANCE

The nominees are requested to carry with them the proof of Medical Insurance. The sponsoring agency is required to endorse the nominees' medical coverage in the event of hospitalization

ASCI ALUMNI ASSOCIATION

Participants of the College programmes will automatically become members of the ASCI alumni association.

CERTIFICATE OF PARTICIPATION

The College issues a Certificate of Participation on conclusion ofthe programme