Professional Documents
Culture Documents
IT Security and Financial Scams
IT Security and Financial Scams
AND FINANCIAL
SCAMS
INTRODUCTION
Corporate fraud
Fraudulent Misappropriation
External Factors
Financial reporting of Assets
When it comes to fraud, technology is a
double edged sword. It is both a
potential threat and a potential
protector.
Technology:
29% of companies said they spent at
a double least twice as much on investigating and
preventing fraud as was lost through the
edged most disruptive economic crimes.
sword
Over the last 5 years financial frauds are
increasing & one of the major reasons
being technology.
Case studies
Cosmos bank- PUNE, 2018