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