In their efforts to battle against fraud, many organizations implement fraud prevention schemes to deter would-be fraudsters.
In their efforts to battle against fraud, many organizations implement fraud prevention schemes to deter would-be fraudsters. Organizations now feel the need to proactively identify areas of potential risk and develop mitigation strategies. This online training course reviews the responsibilities and ethics involved in preventing fraudulent actions. When it comes to valuable employee training content, a section for fraud prevention schemes is considered invaluable.
What You'll Learn
- Review the responsibilities and ethics involved in preventing fraudulent actions
- Identify common fraud schemes including phishing, vishing, and SMiShing telephone fraud
- Examine types of embezzlement and mortgage fraud and how they work
- Recognize internet fraud, accounting fraud, credit card fraud, ATM skimming, and basic wire fraud
- Apply detection methods and understand investigation and prosecution of fraud
Key Takeaways
- Many organizations implement fraud prevention schemes to deter would-be fraudsters.
- Organizations now feel the need to proactively identify areas of potential risk and develop mitigation strategies.
- This course reviews the responsibilities and ethics involved in preventing fraudulent actions.
- A section for fraud prevention schemes is considered an invaluable part of valuable employee training content.
Frequently Asked Questions
What does this Fraud Schemes course cover?
It reviews the responsibilities and ethics involved in preventing fraudulent actions, and covers fraud schemes such as phishing, telephone fraud (vishing and SMiShing), embezzlement, mortgage fraud, internet fraud, accounting fraud, credit card fraud, ATM skimming, and basic wire fraud, including how they work, detection, and investigation and prosecution.
Who is this course for?
It is intended as employee training content, where a section for fraud prevention schemes is considered invaluable for organizations battling against fraud.
Why do organizations implement fraud prevention schemes?
Organizations implement fraud prevention schemes to deter would-be fraudsters, and now feel the need to proactively identify areas of potential risk and develop mitigation strategies.
What is the format of this course?
It is an online training course structured across lessons spanning an introduction, individual fraud schemes with their mechanics and detection, and a conclusion.
Transcript
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Welcome to KnowledgeCity's training course on Fraud Schemes. There have always been risks in the financial services sector. The problem is they are constantly evolving with the changing regulatory and technology standards. Fraud can be categorized as either external or internal. When bank employees use their access to accounts and systems as well as knowledge of policies to commit fraud, that is internal. When criminals gain access to account information, regulations, and policies, then use it to their advantage, that is external. In Fraud Schemes, we will review different types of common schemes and how they work. Cybercrime is one of the top crimes reported by organizations around the world, followed by identity theft and money laundering. Specifically, we will review Phishing, Vishing and SMiShing, Check Kiting, Embezzlement, New Account Fraud, Internet Fraud, Basic Mortgage Fraud, Basic Accounting Fraud, Credit Card Fraud, ATM Fraud, and Basic Wire Fraud. So, let's get started.
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