Category: Fraud

Bank Fraud

Bank Fraud – Modern methods

Modern bank fraud methods Modern bank fraud methods – Banking services have developed during the last 5 years as a result of the use of financial technology with an amazing development, and the electronic phone wallet, Internet banking, and Token management programs have appeared. Customer accounts and other customers’ accounts within the customer’s bank and […]

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Online Fraud

What is meant by online fraud?

What is meant by online fraud? Online fraud – also called e-commerce fraud – occurs when someone uses stolen or fake information to make an online purchase. Understand the different types of online fraud There are many types of e-commerce fraud, but here are four of the most common: Account Takeover Fraud (ATO): ATO attacks […]

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Certified Professional Forensic Accountant

CPFAcct (Certified Professional Forensic Accountant) by USA

Certified Professional Forensic Accountant – CPFAcct (USA) Certified Professional Forensic Accountant is the premier designation of the Institute of Certified Forensic Accountants. This designation is ideal for those working in the accounting arena who would like a forensic accounting designation or for those who would like to upgrade their skills. Are you naturally gifted to […]

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Fraud

Reporting Fraud & Integrity Hotline

What is Fraud? Fraud generally involves a willful or deliberate act with the intention of obtaining an unauthorized benefit, such as money or property, by deception or other unethical means. The Institute of Internal Auditors characterizes fraud as “an array of irregularities or illegal acts characterized by intentional deception. It can be perpetuated for the […]

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Managing Fraud Risk

Managing Fraud Risk

Managing Fraud Risk According to Managing Fraud Risk: A Practical Guide, “personnel at all levels of the organization—including every level of management, staff, and internal auditors, as well as the organization’s external auditors—have responsibility for dealing with fraud risk.” While everyone within the organization has the duty to help fight fraud, the practical implementation of […]

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Fraud Risk Assessment

Fraud Risk Assessment

Fraud Risk Assessment Properly preparing the company for the fraud risk assessment is critical to the assessment’s success. The culture of the organization should influence the approach used in the fraud risk assessment preparation. The goals of the preparation should be to: Assemble the right team to lead and conduct the fraud risk assessment. Determine […]

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Fraud Prevention

Fraud Prevention

Fraud Prevention – Programs and Procedures Fraud prevention requires a system of policies and procedures, which, in their aggregate, minimize the likelihood of fraud occurring while maximizing the possibility of detecting any fraudulent activity that might transpire. We often compromise the possibility of apprehending potential perpetrators by not committing fraud. Because of this principle, the […]

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Ponzi scheme

What is a Ponzi scheme?

What is a Ponzi scheme? The Ponzi scheme definition is an investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors. Ponzi scheme organizers often solicit new investors by promising to invest funds in opportunities claimed to generate high returns with little or no risk. In many […]

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Fraud Risk Management

Fraud Risk Management

Fraud Risk Management Fraud and poor governance … Fraud Risk Management are serious risks for all organizations. High-profile cases in recent years have shown. That dishonest behavior not only undermines profits, operating efficiencies, and reliability but can severely damage an organization’s reputation. As a result of fraud-related collapses, governments around the world have undertaken regulatory […]

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