Social media has revolutionised communication. With nearly 3 billion users on Facebook alone, all social media platforms have become indispensable tools in our daily online lives. Unfortunately, as these platforms become more integrated, they create an environment rife for opportunistic fraudsters to operate without consequence. Each year, the levels of …
Fraud levels are on the rise and show no signs of slowing down. According to an ACFE report, 79% of businesses surveyed recorded an increase in instances of fraud in 2020, and that number is expected to increase further in 2021. In South Africa, the scenario is much the same. …
The Covid-19 pandemic has negatively affected businesses and individuals across the world. Battling financial concerns, adjustments to working from home, and operational challenges, companies have also had to contend with a massive increase in fraud and fraud risk. To manage and prevent fraud in 2021, business owners should be aware …
Employee fraud awareness training is a vital part of any fraud detection and prevention plan. According to an ACFE report, 43% of fraud cases in 2020 were identified by a tip-off, and a majority of those tip-offs came from company employees. All employees, and especially those in high-risk departments like …
Of all the scams on the internet, fraudulent job listings can be particularly hard to spot. Scammers imitate legitimate companies, conduct seemingly professional interviews, and fake company web pages to convince victims the listing is legitimate. Job scams have only gotten worse this year as scammers attempt to take advantage …
Artificial intelligence and machine learning – terms previously reserved for the tech-savvy – have entered the mainstream. While they may sound futuristic and complex, many are surprised to find machine learning is already being applied to the fraud prevention and detection arena. From phishing, to credit card fraud detection and …
Technology can be both a tool for perpetrators of fraud, and for those trying to catch them. In a world dominated by screens and the internet, anti-fraud technology should be at the forefront of fraud prevention and detection methods. But, is anti-fraud tech being used to its full potential? Is …
Although technology has certainly made committing fraud easier for criminals, fraudsters have found ways throughout history to pull off their schemes. Ancient Greece and Rome, Victorian England, and the modern age have their fair share of famous fraud examples. The processes used to build a fraud scheme may have been …
Your credit card information is constantly at risk. The moment a method is developed to deter opportunistic criminals, another way of gathering your information and taking your money is invented. Credit card fraud can do severe damage to your finances – preventing it or limiting the potential damage should be …
International Fraud Awareness Week, established by the Association of Certified Fraud Examiners (ACFE), aims to bring attention to impacts of white-collar crime and encourage companies to protect themselves against this global threat. In its 20th year, this event has brought together organisations across the world with the common goal of …
