Indicators – Credit

Fraud Risks and Prevention Indicators

Credit Cards

 
Risks

  • Fraudulent monetary transactions on credit and debit cards
  • Used at bank branches to obtain cash advances
  • Used at merchant establishments in payment for goods and/or services
  • At Automatic Teller Machines to obtain cash advances
  • Theft from the authorised holder

 
Fraud Risks and Prevention Indicators – Cheques
 
Risks

  • Drawing of uncleared funds from banks, ATMs, EFTPOS
  • Fraudulent representation of stolen cheques
  • Fraudulent cashing of cheques
  • Cheques not met on presentation

 
Fraud Risks and Prevention Indicators – Salaries, Wages and Overtime Payments
 
Risks

  • Fraudulent claims for expenses (eg travelling)
  • Fraudulent salaries and wages input documents
  • Fraudulent recording of attendance and time
  • Fraudulent overtime claims
  • Payroll ‘ghosts’
  • Unnecessary overtime
  • Over-award payments

 
Fraud Risks and Prevention Indicators – Materials, Tools and Equipment
 
Risks

  • Materials, tools and equipment used for private purposes
  • Theft of materials, tools and equipment

 
Fraud Risks and Prevention Indicators – Cash Receipts
 
Risks

  • Theft of money

 
Fraud Risks and Prevention Indicators – Computer and Data Security
 
Risks

  • Destruction/corruption of data
  • Theft of data for commercial purposes
  • Unauthorised release of sensitive information
  • Theft of equipment
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