Preventing fraud should be part of the business process of any organisation for several key reasons: 
Financial Stability: According to the Report to the Nations published by the ACFE, any organisations would lose around 5 % of revenue to fraud each year. Particularly, in small organisations financial resources are carefully budgeted and any loss due to fraud can significantly […]
Fraud Prevention… what for? Read More »
Fraudsters employ various tactics to scam victims, often exploiting human vulnerabilities, trust, and ignorance. Here are some common methods they use: 1. Ponzi Schemes: Fraudsters promise high returns on investments but instead use new investors’ funds to pay returns to earlier investors, creating the illusion of profitability. Eventually, the scheme collapses when it becomes unsustainable.
Fraud on internet – be aware of the methods Read More »
The tips provided are generally sound advice for avoiding internet fraud and scams. However, I can offer a few additional tips to enhance online safety Remember, staying vigilant and adopting good cybersecurity practices is an ongoing process. By combining these tips with the ones you’ve already received, you can create a robust defense against internet
Tips to avoid internet fraud Read More »
Facts and figures Incredibly, fraud and cybercrime account for almost half of all crimes. In its Fraudscape 2017 report, the Credit industry Fraud Avoidance System (CIFAS) states: “With almost one in every two crimes a fraud or cybercrime there has never been a more urgent time for organisations to be alert to both the external and internal fraud threat.”Frauds are
Compliance and fraud prevention: a director’s guide Read More »
