Example:In 2001, one of the largest corporate frauds in history was exposed. Enron, a prominent energy company, was discovered to have engaged in a complex web of accounting schemes, misrepresenting its financial performance to inflate its stock prices. Executives manipulated the balance sheets, us...
What are the most common examples of internet fraud? How do internet fraud and scams work? What is the primary cause of internet fraud? What are the after-effects of internet fraud? How can internet scams and frauds be prevented? Why does internet fraud occur?
While the mechanics of eCommerce frauds are complicated, the basic methods behind payment scams are simple to understand. There are two primary approaches used by fraudsters: Account takeoveroccurs when a hacker gets hold of an account holder’s log-in details and takes over bank, credit and e...
In the past, credit card frauds were the only thing people were wary about. However, with technological advancements and all the personal information people willingly input online, hackers are becoming more “resourceful” and “creative” in their means to deceive people. Here are some of the ...
The firm specializes in corporate frauds, intellectual property, litigation, tax, labor and employment and venture capital. They select one of the legal consultancy services as the niche area. Starting your own law firm checklist ‘How to start your own law firm?’ Here, we will discuss the ...
An example of fraud would be to steal another individual's identity to make purchases in their name, while using their funds. What are the types of frauds? There are many types of frauds, which can be classified into two main categories. Civil frauds are committed when information is ...
Whaling is a variant of spear phishing that targets CEOs and other executives ("whales"). As such individuals typically have unfettered access to sensitive corporate data, the risk-reward is dramatically higher. Whaling is for advanced criminal organizations that have the resources to execute this ...
Internal audit is the process to evaluate the internal control systems of the company, corporate governance and the processing of the accounts. The main purpose of internal audit is to identify the problems and also find solutions before any inspection is done. It helps in detecting any issues ...
Types of Cyber Security Threats Cyber threats can be classified into three broad categories of intent. Disruption espionage Corporate espionage (theft of patents) State espionage Every Cyber Threat falls into one of the above three categories. Some common cyber security threats are: 1. Malware Malwar...
Social Engineering & Corporate Fraud:Companies lose money as deep fake calls or videos deceive employees into transferring funds or disclosing information. Beneath this approach, the attackers rely on employees’ trust to voice or look like legitimate users to gain approval of the requests. In identi...