IDENTITY FRAUD
THE MOST COMMON IDENTITY FRAUD.
WHAT IS FINANCIAL IDENTITY THEFT?
THE MAKING, ALTERING, USE, OR POSSESSION OF A FALSE WRITING IN ORDER TO COMMIT FRAUD.
WHAT IS FORGERY?
THE THREE COMMON ELEMENTS OF FRAUD.
WHAT ARE THEFT ACT, CONCEALMENT AND CONVERSION?
I am part of a process, tool, device that works to protect others against identity theft and other external threats targeting companies?
What is Fraud Prevention?
THIS ENERGY COMPANY DECLARED BANKRUPTCY IN 2001 AFTER ALLEGATIONS OF MASSIVE ACCOUNTING FRAUD WIPED OUT $78 BILLION IN STOCK MARKET VALUE AND LED TO THE COLLAPSE OF ACCOUNTING FIRM ARTHUR ANDERSEN.
WHAT IS ENRON?
ATTEMPTING TO GAIN PERSONAL INFORMATION FROM A PERSON OVER THE TELEPHONE, EMAIL OR INTERNET.
WHAT IS PHISHING?
THIS SHOULD BE EXAMINED TO SEE THAT ALL ARE PROPERLY DOCUMENTED AND THAT INAPPROPRIATE PAYMENTS HAVE NOT BEEN MADE TO EMPLOYEES.
WHAT ARE CASH ADVANCES?
THE PRACTICE OF ENGAGING WITH MULTIPLE FINANCIAL PROVIDERS TO SECURE FINANCING AGAINST THE SAME UNDERLYING ASSET.
WHAT IS DOUBLE FINANCING?
WHAT IS PRESSURE, OPPORTUNITY AND RATIONALIZATION?
INFAMOUS CONMAN FRANK ABAGNALE JR. HAD HIS FRAUDS IMMORTALIZED IN THIS 2002 MOVIE.
WHAT IS “CATCH ME IF YOU CAN?”
THIEVES CALL BANKS, JOBS AND OTHER COMPANIES TO TRICK THEM INTO GIVING PERSONAL INFORMATION ABOUT YOU.
WHAT IS PRE -TEXTING?
THE THREE STAGES OF MONEY LAUNDERING.
WHAT IS PLACING, LAYERING AND INTEGRATING?
DAILY DOUBLE!!!!
GOING BACK TO OUR NOVEMBER ROUNDTABLE LIST THE 2 TOPICS WE DISCUSSED.
WHAT ARE DATA RETENTION AND CLEAN DESK POLICY?
EFFECTIVE FRAUD RISK MANAGEMENT IS BUILT OF 5 "CORE" PRINCIPLES. (FRAUD RISK ASSESSMENT, FRAUD PREVENTION, MONITORING/REPORTING ). LIST THE TWO OTHERS.
WHAT ARE FRAUD DETECTION AND FRAUD RISK GOVERNANCE?
THIS COMPANY AND CEO CLAIMED TO HAVE REVOLUTIONIZED BLOOD TESTING USING A FINGERPRICK.
WHAT IS THERANOS AND ELIZABETH HOLMES?
I PRETEND TO BE A LEGITIMATE BUYER BUT I AM ACTUALLY PURCHASING ON BEHALF OF ANOTHER PERSON.
WHAT IS A STRAW BUYER?
NAME OF THE PROCESS BY WHICH CASH IS REMOVED FROM THE ENTITY BEFORE IT ENTERS THE ACCOUNTING SYSTEM.
WHAT IS SKIMMING?
THE LENDER IS WILLING TO LOAN YOU A SPECIFIC AMOUNT OF MONEY IF YOU CAN MEET CERTAIN CRITERIA.
WHAT IS CONDITIONAL LENDING?
THE THREE MAIN OBJECTIVES OF FRAUD RISK MANAGEMENT.
WHAT ARE RESPONSE, PREVENTION AND DETECTION?
BILLY MCFARLAND ORGANIZED THIS INFAMOUSLY FAILED EVENT IN THE BAHAMAS BACK IN 2017.
WHAT IS FYRE FESTIVAL?