Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
612-822-4611

  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Prevent Scamming and Bank Fraud: Governance, Risk Management and Compliance (GRC) Book 5

Prevent Scamming and Bank Fraud: Governance, Risk Management and Compliance (GRC) Book 5

Ehiwario, Kester
Essia, Uwem

Paperback

Series: Governance, Risk Management, and Compliance (Grc)

Business GeneralTrue Crime

ISBN13: 9798351556727
Publisher: Independently Published
Published: Sep 7 2022
Pages: 196
Weight: 0.59
Height: 0.42 Width: 6.00 Depth: 9.00
Language: English
Globally, over 80% of successful major frauds are perpetuated by top executives who ironically had the duty to supervise employees, hence the paradox of 'saving meat in the mouths of cats'
A sound banking system is necessary for the effective functioning of the financial sector and for achieving good economic growth. The banking industry has experienced phenomenal growth in recent years. This growth is however associated with increasingly complex scams and frauds that hurt banks and their customers. Scams and frauds are better prevented than stopped. Hence it is proposed here, among other measures, that: (1) customers and staff be trained regularly on early warning signs of scams/frauds; (2) the functions and oversight roles of top executives, and key IT and audit staff is switched regularly; and (3) regular forensic survey is conducted to determine the fraud/scam threats posed by employees and top executives, and the outcomes acted upon as soon as possible. Although banks can't be 100% secure against unknown threats, a certain level of preparedness will go a long way in countering scam/fraud risks.

Also from

Ehiwario, Kester

View All

Also in

True Crime

View All