CEO Fraud Prevention Tips Cybersecurity is a multibillion-dollar industry for attackers, but organizations and their operations staff can take several steps to prevent it: Audit high-risk users (e.g., finance and HR staff) and train them to identify attacks and report them. ...
Corporate fraud refers to illegal activities undertaken by an individual or company that are done in a dishonest or unethical manner. Often, this kind of business fraud is designed to give an advantage to the perpetrating company or individual, as in the case oftunneling. Corporate fraud schemes...
Safeguarding personal information is paramount in today's digital landscape, as it can help protect individuals from identity theft, financial fraud, and privacy breaches. Here are some tips: Regularly monitor financial statements to detect and address unauthorised transactions promptly. ...
“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...
Friendly fraud is a major problem for online retailers—and a costly one, too. Here’s how to spot and deter friendly fraud for your ecommerce business.
What is narrow AI? Narrow AI is the application of AI techniques to a specific and well-defined problem, such as chatbots like ChatGPT, algorithms that spot fraud in credit card transactions, and natural-language-processing engines that quickly process thousands of legal documents. Most current ...
Identity theft is a crime in whichsomeone steals your personal information, usually with the intent to commit fraud.The definition of identity theft includes many types of personal information and resulting fraud, ranging from financial theft to the use of a victim’s data to receive medical treat...
CEO fraud: The scammer impersonates a C-level executive, often by hijacking the executive's email account. The scammer sends a message to a lower-level employee instructing them to transfer funds to a fraudulent account, make a purchase from a fraudulent vendor or send files to an unauthorized...
“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...
But first, what is a chargeback? It’s a refund initiated by a bank or credit card issuer on their customer’s behalf. Occasionally, a bank initiates a chargeback unprompted by the customer (for example, if it suspects fraud or an error). But the chargeback process is more commonly initia...