Fraud
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THIS SCAM EXPLOITS ONLINE SHOPPERS BY SENDING UNSOLICITED MESSAGES CLAIMING TO BE FROM LEGITIMATE SHIPPING COMPANIES
WHAT ARE PACKAGE DELIVERY SCAMS?
THIS TYPE OF OCCUPATIONAL FRAUD INVOLVES EMPLOYEES STEALING CASH, MERCHANDISE, OR SUPPLIES FROM THEIR EMPLOYERS.
WHAT IS ASSET MISAPPROPRIATION?
THIS CYBER-ATTACK LOCKS UP A VICTIM'S COMPUTER OR DATA UNTIL A FINANCIAL RANSOM IS PAID TO THE ATTACKER.
WHAT IS RANSOMWARE?
THIS COMPANY, WHICH DECLARED BANKRUPTCY IN 2001, BECAME INFAMOUS FOR HIDING BILLIONS OF DOLLARS IN DEBT THROUGH ACCOUNTING LOOPHOLES, LEADING TO ONE OF THE LARGEST CORPORATE SCANDALS IN U.S. HISTORY.
WHAT IS ENRON?
THIS BEHAVIORAL RED FLAG HAS CONSISTENTLY BEEN THE MOST COMMON SIGN OF FRAUD, OFTEN INVOLVING PERPETRATORS DISPLAYING SIGNS OF WEALTH THAT FAR EXCEED THEIR INCOME.
WHAT IS LIVING BEYOND ONE'S MEANS?
FRAUDSTERS ARE CREATING FAKE IDENTITIES BY COMBINING REAL AND FABRICATED DATA IN THIS FAST-GROWING TREND.
WHAT IS SYNTHETIC IDENTITY FRAUD?
AN EMPLOYEE FALSIFIES THEIR TIMESHEETS TO CLAIM PAYMENT FOR HOURS THEY DID NOT WORK IN THEIS CLASSIC TYPE OF OCCUPATIONAL FRAUD.
WHAT IS TIME THEFT?
SCAMMERS USE FAKE WEBSITES TO STEAL PERSONAL DATA FROM INDIVIDUALS BY PRETENDING TO BE LEGITMATE BUSINESSES IN THIS COMMON CYBERCRIME SCHEME.
WHAT IS PHISHING?
HE WAS BEHIND THE 2008 PONZI SCHEME THAT COST INVESTORS MORE THAN $65 BILLION.
WHO WAS BERNIE MADOFF?
OBSERVED IN 27% OF FRAUD CASES IN THE 2024 REPORT TO THE NATIONS, THIS RED FLAG MANIFESTS IN INDIVIDUALS STRUGGLING TO MEET THEIR FISCAL OBLIGATIONS?
WHAT ARE FINANCIAL DIFFICULTIES?
THIS TREND INVOLVES FRAUDSTERS USING REAL VIDEOS OR AUDIO RECORDINGS, OFTEN OF CELEBRITIES, TO CREATE FAKE BUT REALISTIC MEDIA CLIPS FOR ILLICIT GAINS.
WHAT IS DEEPFAKE FRAUD?
THIS SCHEME INVOLVES AN EMPLOYEE INFLATING THE COST OF GOODS OR SERVICES AND RECEIVING A PORTION OF THE OVERCHARGE IN RETURN FOR THEIR INVOLVEMENT.
WHAT ARE KICKBACK SCHEMES?
AN ONLINE OFFER PROMISES HIGH RETURN ON NEW CRYTOCURRENCY. AFTER BUYING IN, INVESTORS REALIZE THIS SCHEME WAS ORCHESTRATED BY FRAUDSTERS WHO ARTIFICIALLY INFLATED THE VALUE BEFORE CASHING OUT.
WHAT ARE PUMP AND DUMP SCHEMES?
VOLKSWAGON WAS FOUND TO HAVE INSTALLED SOFTWARE THAT MANIPULATED EMISSIONS TESTS IN A WIDELY PUBLICIZED CORPORATE FRAUD SCANDAL KNOWN BY THIS NICKNAME?
WHAT IS DIESELGATE?
FRAUD PERPETRATORS EXHIBIT THIS RED FLAG WHEN THEY REFUSE TO DELEGATE TASKS OR LET OTHERS REVIEW THEIR WORK.
WHAT ARE EXCESSIVE CONTROL ISSUES OR UNWILLINGNESS TO SHARE DUTIES?
THIS SCAM INVOLVES BUILDING TRUST WITH VICTIMS ONLINE BEFORE STEALING THEIR FUNDS THROUGH FAKE CRYPTOCURRENCY INVESTMENTS.
WHAT IS A "PIG BUTCHERING" SCAM?
PERPETRATORS OF THIS SCHEME, OFTEN INVOLVING INTENTIONAL MISSTATEMENTS IN ACCOUNTING RECORDS, OFTEN FACE EXCESSIVE PRESSURE FROM THEIR ORGANIZATION TO PERFORM AT A HIGH LEVEL.
WHAT IS FINANCIAL STATEMENT FRAUD?
THIS FRAUDULENT TACTIC, INVOLVING HIJACKING PHONE NUMBERS TO ACCESS DIGITAL WALLETS, IS EXPECTED TO RISE ALONGSIDE THE RESURGENCY OF CRYTOCURRENCY.
THIS TELECOMMUNICATIONS COMPANY MANIPULATED ITS EARNINGS TO HIDE BILLIONS IN DEBT, LEADING TO BANKRUPTCY AND ONE OF THE LARGEST ACCOUNTING FRAUD CASES IN HISTORY.
WHAT IS WORLDCOM?
PERPETRATORS EXHIBITING THIS RED FLAG TEND TO OPERATE WITH A CUNNING AND OPPORTUNISTIC MINDSET, OFTEN ENGAGING IN RISKY OR UNETHICAL BUSINESS TACTICS.
WHAT IS A "WHEELER-DEALER" ATTITUDE?
FRAUSTERS IMPERSONATE A TRUSTED FIGURE TO OBTAIN SENSITIVE INFORMATION OR MONEY, OFTEN USING SPOOFED EMAIL ADDRESSES OR PHONE NUMBER, IN THIS SCHEME.
WHAT IS SOCIAL ENGINEERING?
ACCORDING TO THE 2024 REPORT TO THE NATIONS, 57% OF VICTIM ORGANIZATIONS RECOVERED THIS AMOUNT OF THEIR FRAUD LOSSES.
WHAT IS NOTHING?
WITH BITCOIN'S VALUE CONTINUING TO GROW OVER TIME, THIS ONLINE LEDGER SYSTEM IS NOW A MAJOR TARGET FOR HACKERS AND FRAUDSTERS.
WHAT IS DECENTRALIZED FINANCE (DEFI)?
AN EXECUTIVE WONDERS, "IF I OPEN FAKE ACCOUNTS IN MY CUSTOMERS' NAMES, WILL THE BONUSES BE WORTH THE RISK OF GETTING CAUGHT?" THIS ETHICAL DILEMMA WAS AT THE HEART OF WHAT COMPANY'S SCANDAL UNCOVERED IN 2016.
WHAT IS WELLS FARGO?
WHAT IS AN UNUSUALLY CLOSE RELATIONSHIP WITH A VENDOR?