How Hard Is It to Prevent Frauds and Detect Suspicious Activity?

Since the jump online, financial institutions and their patrons have been victims of cybercriminals. In fact, financial organizations and all types of businesses can be susceptible to fraud. Fraud can take many different forms, but it can be split into three main types: misappropriation of assets, bribery, and false statements on financial statements. Although this is the least expensive type of fraud researched, asset misappropriation makes up a majority of cases. These are plans whereby an employed person steals from or takes advantage of their company. Financial embezzlement counts among the smaller percentage of cases, but it costs the most

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