Taxonomy of Fraud in Microfinance Background One of the challenges we face in the antifraud industry is the lack of congruity between various thought leaders in how we define fraud and its many schemes. Each industry group or academic expert added great value to the advancement of the antifraud field. However, while every new distinction created a little more clarity, they all seemed to be inputs into a larger equation of the dynamic nature of what we face on a daily basis. In an effort to create a standardized fraud classification system that would apply across all fraud schemes, the Framework for a Taxonomy of Fraud was published by the… Read More
Continue ReadingSocial Engineering (CBT)
Social engineers get useful information from unsuspecting people and use it in potentially nefarious ways. Simple conversations provide the opportunity for the social engineer to get seemingly benign information from individuals over the course of one or many encounters. That information can then be combined with other open source information to then provide the social engineer with everything they need to carry out an attack on a system, enter a secure building, or any number of applications that could cause harm to your organization. Protect your employees by educating them about the direct implications this can have on your company. Teach them what to look for so they can avoid… Read More
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