Synthetic identity fraud, often referred to as synthetic identity theft, involves combining fake credentials with a suggested identity that isn’t connected to a real person. In order to build a new identity, thieves may use actual and fraudulent information, such as names, social security numbers (SSNs), and fraudulent personally identifying information (PII), to construct fake
As we gear up for the upcoming national elections, it is important to understand the fraudulent practices around Elections and how we as anti-fraud experts can help mitigate them for a better democracy. WHAT IS ELECTION FRAUD Election fraud also known as electoral fraud, election manipulation, voter fraud, or vote rigging, is the illegal meddling
Money laundering is no new term, especially in the world of fraud. Yearly, agencies are consistently updating their methods of prevention when it comes to money laundering schemes. Money is moved by criminal organizations and terrorist financiers to hide its source and integrate it into the formal economy through three main methods. The first includes
A little bit of vigilance goes a long way when it comes to protecting your identity online. Adding an extra layer of security can be as simple as keeping an eye on your accounts, looking out for suspicious activity and shredding sensitive documents. Some data breaches are out of our control, like when retailers or
How to Protect Seniors Online Senior citizens are especially vulnerable to online scams and hoaxes. Scammers take advantage of seniors because many seniors have a lifetime’s worth of savings, home equity and other valuable assets. Studies have shown that older Americans are less likely to report fraud because they may not know how to report a
Cybersecurity is simply a general term for technologies, practices and processes used to protect online data from unauthorized access or misuse. Everyday, people play a part in cybersecurity when they follow internet safety tips and cybersecurity best practices. In this piece, we’ll discuss what we mean when we say cybersecurity, and why it’s important. We’ll also share
It is important we understand the factors behind the occurrence of fraud from the how, why, what, where, and who in order to combat fraud. The circumstance that leads embezzlers to the act of committing fraud was of keen interest to Donald R. Cressey, a known criminologist who developed the Fraud Triangle. The Fraud Triangle
The process of recognizing, assessing, controlling, and responding to threats to an organization’s capital and earnings that occur during a business’s life cycle is known as risk management. According to ISO 31000, risk management process is a “systematic application of management policies, procedures and practices to the tasks of communication, consultation, establishing the context, identifying, analyzing,
My friend John Doe was introduced to a forex platform that pays a monthly interest rate of 15% plus. He had the option of investing his money for six months or a year. According to the investment contract, he might withdraw his funds before the end of the investment period, but only 70% of the
Nigeria will be joining five other countries in the world today to launch their own central bank digital currency called eNaira today, such as the Bahamas, Saint Kitts and Nevis, Antigua and Barbuda, Saint Lucia, and Grenada. A Central Bank Digital Currency is the digital form of a country’s fiat currency (A fiat currency is