Best Practices For Preventing Identifying And Reporting...

Best Practices for Preventing, Identifying and Reporting Internet Fraud The Internet plays critical roles in the fabric of today s society, and people use their computers and mobile devices for business, social contact, recreation playing games and many other activities. However, everyone faces cyber crime risks when using their computersm and these perils range from phishing to investment fraud. People use their computing devices to work, buy products and services and store vital personal information. Unfortunately, everything that you read and view on the screen isn t always what it appears. Crooks and con artists have always come up with creative ways to steal personal information, trick people out of their money and valuables and promote questionable practices such as pyramid schemes. Digital communications and the Internet have increased access to information for everyone, but easy access empowers criminals who can work in relative anonymity to commit their cyber crimes. Regardless of how you use the Internet, it s critical that you learn ways to protect your data, spot scams and take appropriate action when you suspect that something s not right. Doing nothing could constitute negligence and reduce your ability to get out of the financial liabilities that identity theft and other crimes might generate. Failure to safeguard business practices and client information could subject you to legal claims, fines and penalties if you work in an industry where you reShow MoreRelatedCase Study : Plans To Control / Mitigate The Risk1234 Words   |  5 PagesMessage Authentication Reporting and conformance) and DKIM (Domain Keys Identified Mail) preventing email spoofing. †¢ All the incoming and outgoing emails should be scanned for the threat and the executable files should be filtered from reaching the end user. †¢ Test all the backups to ensure they are working correctly. †¢ Execute regular penetration testing on the server in order to discover any vulnerability and fix it. †¢ Progress and train employee’s education for identifying frauds, malicious links andRead MoreInternal Audit Function and Fraud Detection in Government Agencies. Acase Study of Naads Kumi7549 Words   |  31 Pagesobjectives, the research questions, and the scope, the significance of the study and the structure of the report. 1.1 Background of the Study According to Hector Perela, (2009), Internal auditing function with other intervention mechanisms like financial reporting and external audit to helps maintain cost-efficient contracting between owners and managers. It is designed by government agencies to add value and improve organizational performance. It helps organizations accomplish their objectives by bringingRead MoreCorporate Governance in Australia1490 Words   |  6 Pagescorporations total portfolio of assets and resources with the objective of maintaining and increasing shareholders long-term value while taking into account the interest of other stakeholders. It therefore tends to ensure that leaders act in the best interests of the corporation and its stakeholders. Besides that it enhances effectiveness, competitiveness and sustainability of the corporation (Spafford,2003). Outline brief history of corporate governance The history of Corporate Governance canRead MoreAudit Cases14211 Words   |  57 Pages . . . . . . . . . . . . . . 3.1 A Day in the Life of Brent Dorsey Staff Auditor Professional Pressures 59 63 65 71 79 3.2 Nathan Johnson’s Rental Car Reimbursement Solving Ethical Dilemmas–Should He Pocket the Cash? Recognizing It’s a Fraud and Evaluating What to Do . . . . . . 3.3 The Anonymous Caller 3.4 WorldCom The Story of a Whistleblower . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.5 HollingerRead MoreThe Security Of A Bank Transaction, Online Shopping Or Booking Flight Tickets On Our Mobile App8041 Words   |  33 PagesA common practice of espionage targets both banking institution as well as its customers. Strikingly, the frontier between the different security threats are fuzzy, either due to the complexity of domain or the ever-increasing customer base. The banks are governed by some regulations and policies, yet it does have a scope for the well-equipped sophisticated fraudsters to function with seeming impunity. Besides, the complexity that governs these frauds is even more baffling. A bank fraud can causeRead MoreThe And Internal Audit Of Public Sector Essay6738 Words   |  27 Pagesdevelopments, internal auditors especially those working with the Public Sector where governance is a key concern should be conversant with IT audit tools and techniques and put them into practice. It is from this perspective that I was prompted to carry out a study on how this development have been put into practice by the Tanzania Internal Auditors in Public Sector (the career and industry from where am employed). 1.2 Problem Statement Literature review provide some insight that, there are severalRead MoreAn Exploratory Study of Internal Control and Fraud Prevention Measures in Smes5855 Words   |  24 PagesJaya Kumar Shanmugam, Mohd Hassan Che Haat Azwadi Ali http://cscjournals.org/csc/manuscript/Journals/IJBRM/volume3/ Issue2/IJBRM-75.pdf An Exploratory Study of Internal Control and Fraud Prevention Measures in SMEs Jaya Kumar Shanmugam Department of Accounting and Finance Faculty of Management and Economics Universiti Malaysia Terengganu 21030 Kuala Terengganu, Malaysia jaya_jkumar@yahoo.com Mohd Hassan Che Haat Department of Accounting and Finance Faculty of Management and EconomicsRead MoreFunctions Of Effective Internal Control System10241 Words   |  41 Pagesis essential that every single bank must have an internal control system were the internal audit department makes sure that their accounting principles provide an effective means of recording and reporting monetary transactions, providing organisation information and securing the company’s asset from fraud and misappropriation (Achibong, 1993). BACKGROUND TO THE STUDY A system of effective internal control is a critical component of all banks management and a foundation for the safe and soundRead MoreAlchemy Case Memo Essay3461 Words   |  14 PagesInternal Control Weaknesses Leave Alchemy Inc. Vulnerable to Errors, Fraud, and Abuse Internal controls represent an organization’s processes and procedures used to meet its goals and objectives and serve as a defense in safeguarding assets and preventing and detecting errors, fraud, and abuse. Effective internal controls provide reasonable assurance that an organization’s objectives are achieved through (1) reliable financial reporting, (2) compliance with laws and regulations, and (3) effective andRead MoreComputer Ethics and Information Systems3732 Words   |  15 Pagesin computer ethics resulted in some kind of a consensus. Today, many of these rules have been formulated as laws, either national or international. Computer crimes and computer fraud are now common terms. There are laws against them, and everyone is responsible for knowing what constitutes computer crime and computer fraud. The Ten Commandments of computer ethics have been defined by the Computer Ethics Institute. Here is our interpretation of them: 1) Thou shalt not use a computer to harm other