Fraud Definitions
What is a wrongful or criminal deception intended to result in financial or personal gain?
Fraud
What should you do if you believe an email and attachment is a red flag for a potential phishing scam?
Do not open any link or attachments, forward email to IT Support and delete from your inbox.
Fraud Training
What is fraudulent activity that involves sending a letter to try and scam money or personal information from someone, stealing and opening someone else’s mail, or using chain letters to collect money or items?
Mail Fraud
What are red flags to keep an eye out for to determine whether an email is a phishing attempt
-Sense of urgency -Unfamiliar sender -Spelling or grammar errors
What is it when no one person should be able to initiate, record, authorize and reconcile a transaction?
Separation of duties
What is a confidence game or other fraudulent scheme used for making a quick profit?
Scam
What is an indicator suggesting that there is a potential problem or threat with a company's stock or financial statements?
Red Flag Warning
What is anonymous and confidential whistleblower reporting service called?
Fraud Hotline
What is the fraudulent practice of sending emails designed to trick a victim into revealing sensitive information to the attacker?
Phishing
What requires that each "financial institution" or "creditor"—which includes most securities firms—implement a written program to detect, prevent and mitigate identity theft in connection with the opening or maintenance of "covered accounts.
Red Flags Rule
What is it called when you are creating or controlling a situation by causing something to happen rather than responding to it after it has happened?
Proactive