Fraud in Education: Beyond the Wrong Answer

This blog is curated to serve as a resource for the exploration of fraud, computer-assisted and data related crime in the education sector.

Taxpayers invest $603.7 billion for public education annually. Venture capitalists contribute almost $2.0 billion forecasting significant investment gains each year.  These funds support 100,000 schools and 7,200 colleges in the education of 75.2 million students and employment of 4.6 million teachers and faculty.

The threat of fraud increases with the perception of easy money flowing into and out of education treasuries. According to the Association of Certified Fraud Examiners; this sector is situated in the top five of industries for reported fraud cases.  Compared to other industries, this sector has experienced the highest growth rate.   Even data crime is on the rise as US educational institutions spend almost $12 billion on data-related technology.   The promise of targeted interventions and greater efficiencies threaten to expose our school-aged children and young adults to lifelong identity theft.   In 2015, more than 1.3 million identities were exposed in the education sector alone.

What are the environmental conditions existing in this sector that expose our educational institutions to increased incidents of white collar crime?  Please join the author as she explores the factors that entice insiders and outsiders to conspire together or act individually to target educational institutions for criminal activities.

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