Course Info
Code PI1-116
Duration 5 Days
Format Classroom
Course Summary
Fraud prevention is important in many businesses today, especially if your operation is primarily online or focused on financial aspects such as banking or insurance. Fraudsters are becoming evermore intelligent in their uses of technology to invade people’s privacy and obtain personal data which can be used to falsify information online to hack bank accounts or other financial services.
Fraud prevention can alert your business to fraudulent activity in its early stages, allowing you to place protection tools and techniques to protect your business, your brand reputation, and your profits.
Fraud detection is quickly becoming part of our everyday lives and it’s essential that technology is kept up-to-date, automated, and intelligent to hone in on potential issues. You should also complete regular risk assessments to understand where mitigation measures are required and regularly assess your data storage and auditing methods to make sure your data and that of your clients and customers are completely safe and unobtainable.
Aside from this, you should plan strict training measures to ensure all employees are aware of the implications of losses in security and ensure your policies adhere to the GDPR standards to help you maintain and remove data regularly.
- To understand the implications of data loss on your business.
- To create foolproof policies and procedures to maintain GDPR standards.
- To review data storage and create audit logs for changes.
- To develop robust and secure technology to prevent hacking.
- To train your employees on the importance of security and fraud prevention.
- To handle fraud detection correctly and prevent reoccurrence.
- To adopt data mining as a fraud prevention tool.
- To apply fraud prevention measures and processes.
- To carry out risk assessments regarding your systems.
- To create a contingency and change management system to collect evidence.
- To create a recovery plan if fraud does occur.
- To investigate cases of fraud and bribery and understand the consequences of a positive result.
This course is designed for anyone who is responsible for the security of a business and its fraud prevention policies and systems. It would be most beneficial for:
- Business Owners
- Risk Assessors
- Auditors
- Change & Control Managers
- Operations Managers
- Financial Officers
- IT Personnel
- HR Professionals
- Project Managers
This course uses a variety of adult learning methods to aid full understanding and comprehension. Participants will review videos and interactive presentations to assess good security and fraud prevention measures against less successful measures. They will conduct group exercises to help understand the risk areas in their own businesses and review systems and criteria to help place mitigation measures for the futur
Course Content & Outline
- What is fraud?
- How common is fraudulent activity in your field?
- The different versions of fraud.
- What do fraudsters want most?
- Fraud legislation.
- GDPR preparation.
- In-person fraud vs. online fraud.
- The introduction of fraud mitigation techniques.
- Your best practice fraud prevention processes.
- Employee awareness and development.
- Anti-money laundering requirements.
- Your training guide.
- Anti-bribery and corruption training.
- Why does fraud occur?
- What is your business doing already to prevent fraud?
- The consequences of letting fraud happen.
- Understanding the bigger picture in your field.
- Data loss and recovery.
- The social media implications of fraud.
- Safe data-sharing and accessibility requirements.
- Risk assessing and management.
- Implementing control measures.
- Your change and control audit log.
- Evidence-based changes and contingency planning.
- Cloud-based storage systems.
- Rolling data removal.
- Your privacy policy and automated data anonymisation.
- Fraud suspects and how to approach them.
- Interviewing techniques to gain understanding.
- Your zero-tolerance policy.
- The consequences of fraud.
- Developing anti-fraud policies.
- Computer Assisted Audit Techniques (CAATs).
- Data mining results and methods.
- Keeping track of your changes.
- Rebuilding your brand after fraudulent damage.
- Assessing your risk areas for continuous improvement.
- System usage and changes.
- Develop the ‘norm’ and automating irregularity flagging.
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