CEO Fraud Targets Attackers have two primary targets for CEO fraud: high-level executives with access to sensitive information, or employees with the authorization to perform wire transfers. A CFO, CEO, COO, or other high-level executive is typically the target, but any executive with operational...
Corporate fraud refers to dishonest activities conducted to give an advantage to an individual or company.
Tax fraud is not the same astax avoidance, which is the legal use of loopholes in tax laws to reduce one’s tax expenses. Although tax avoidance is not a direct violation of the law, it is frowned upon by tax authorities as it may compromise the overall spirit of tax law.2 Special C...
“Fraud” is any activity that relies on deception in order to achieve a gain. Fraud becomes a crime when it is a “knowing misrepresentation of the truth or concealment of a material fact to induce another to act to his or her detriment” (Black’s Law Dictionary). In other words, if...
Account takeover fraud is when an intruder retrieves your login details, gains unauthorized access to your account, and performs fraudulent activities. Sometimes, they do this in the background while you are still on the account. They can also lock you out of the account and take full control...
The key thing to understand is that data leaks like data breaches can be exploited. Here are four common ways data leaks are exploited: Credit card fraud: Cyber criminals can exploit leaked credit card information to commit credit card fraud. Black market sales: Once the data is exposed, it...
Unlike third-party fraud, where a shopper uses another person’s information to make a transaction, friendly fraud is committed by customers themselves. Despite its name, the term ‘fraud’ can be a misnomer when talking about this kind of chargeback claim. While the claims themselves may be ...
“Fraud” is any activity that relies on deception in order to achieve a gain. Fraud becomes a crime when it is a “knowing misrepresentation of the truth or concealment of a material fact to induce another to act to his or her detriment” (Black’s Law Dictionary). In other words, if...
Depending on the size of a company and how security is integrated into company culture, a CSO may report to the Chief Information Officer (CIO) or the Chief Technology Officer (CTO), the Chief Risk Officer (CRO) or the Chief Executive officer (CEO). ...
Fraud Detection is a risk control service provided by Alibaba Cloud. Fraud Detection provides end-to-end business risk management capabilities, such as scenario-specific risk control, a decision engine platform, and a feature-rich console. This topic introduces Fraud Detection and describes the featur...