BUSINESS EMAIL COMPROMISE
Business Email Compromise (BEC) is also known as email account compromise, man-in the-email attack. Not only is this type of fraud one of the most financially damaging online crimes, but it is also costlier than other fraud attacks combined. It is becoming more targeted, there are fewer victims, but the losses are greater. In BEC […]
FRAUD RESPONSE PLAN
If fraud is suspected, it should be reported to either Your line manager Internal audit Director of finance Procurement or monitoring officer An external agency A fraud response plan should be in place to help ensure that an organization responds to suspicious fraud-related activity efficiently and effectively, whether fraudulent activities have occurred. This plan acts […]
OVERVIEW OF WHAT DUE DILIGENCE AND BACKGROUND CHECKING PROCESS IS
What is Due Diligence Background Checks – This simply means checking things or conducting comprehensive investigations on companies and individuals. This could be in various areas such as when: Buying a property – here you check titles of the property and verify information in the contract Buying a business – it is important to do […]
TWO-FACTOR AUTHENTICATION
Authentication factors are multiple authentication methods that can be used to verify a person’s identity. The bulk of Two-factor Authentication (2FA) methods focus on the first three authentication elements, and most authentication methods rely on knowledge, possession, inherence, or location. Two-factor authentication or 2FA, is a type of multi-factor authentication that uses two separate credentials […]