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Fraud

How to prevent elder abuse and financial fraud

The elderly population in the U.S has been on a steady incline for the past few decades. With more seniors living longer new challenges arise. Unfortunately, many seniors become vulnerable to different types of abuse, neglect, and exploitation as they age. The National Council on Aging estimates that financial fraud and abuse against seniors costs older Americans up to $36.5 billion each year.

YouTube Attacks to Watch Out For in 2019

YouTube, the world’s top provider of streaming multimedia content, keeps reaching new heights in terms of its popularity. Nearly two billion monthly users and five billion videos watched every single day – these impressive statistics speak for themselves, and the numbers are steadily growing year over year. Everybody loves YouTube and so do cybercriminals, only in their very own nefarious way.

What Are the 5 Components of the COSO Framework?

In 1985, The Committee of Sponsoring Organizations of the Treadway Commission (COSO) originally formed to enable the National Commission on Fraudulent Financial Reporting. COSO’s original goal, to review causal factors leading to fraudulent financial reporting, ultimately evolved as more technologies became embedded in the process.

To phish or not to phish?

We are all no doubt aware of phishing. That age-old practice of sending fraudulent emails with the hope of gaining financial details, obtaining account credentials or tricking a user into installing malicious software. The practice is not new. In fact, before the wide-spread use of the internet, people would often receive letters claiming that they had won some sort of competition and to claim their prize, all they had to do was send some cash to front the delivery costs.

Preventing 'Unlimited' ATM Cash-out Attacks

On August 10th, the Federal Bureau of Investigation (FBI) issued a global fraud warning that an ‘unlimited’ ATM cash-out scheme was about to occur. While this did not stop criminals from making off with over $13.5 million USD from one bank in India, it did highlight the importance of early warning fraud systems and layered defense mechanisms.