Your SlideShare is downloading. ×
What is fraud
Upcoming SlideShare
Loading in...5

Thanks for flagging this SlideShare!

Oops! An error has occurred.

Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

What is fraud


Published on

what is fraud,
Check my file,
fraud watch,
identity security,
fair credit reporting act,
report agency,
will i get credit,
Problems with money,
Credit Solution,
Credit union,
How to dispute credit,
credit information,
a score money,
identity theft alert,
financial fraud,

Published in: Economy & Finance, Business
  • Be the first to comment

  • Be the first to like this

No Downloads
Total Views
On Slideshare
From Embeds
Number of Embeds
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

No notes for slide


  • 1. What is Fraud ? It is a type of criminal activity, defined as:- •abuse of position, or •false representation, or •prejudicing someones rights for personal gain. In other words fraud is an act of deceptionintended for personal gain or to cause a loss to another party.We are briefly going to look at online fraud.
  • 2. What is Fraud ?Latest figures from CIFAS, the UK’s Fraud Prevention Service, show the number of cases of people whohave had their identity stolen by crooks has hit more than four million – 80,000 so far this year alone.
  • 3. What is Fraud ?• Despite the fact the risk keeps escalating, and that 95% of thepopulation are aware of the threat from ID thieves, we continue to be careless with our personal details.• A quarter (25%) of people are still not taking the simple, yet key precautions, such as shredding their bills, bank and credit card statements before putting them out with the rest of the rubbish. • Almost half (43%) fail to verify that emails or any calls from organisations are legitimate before responding to them and 59% do not follow up to find out if there is an underlying problem if post fails to arrive.
  • 4. What is Fraud ?• Research from Capital One shows a scary increase in social media mugging or “smugging” as a staggering 60 million Facebook, Twitter and other social media accounts have been accessed without permission in the past 12 months alone.• Smuggers are opportunists who take advantage when others do not log out of their online profiles properly.
  • 5. What is Fraud ?• Credit reference agency Equifax says although there is no typical ID fraud, it believes what is becoming more prevalent is online fraud.• “It’s the invisibility of these new frauds that is probably the most worrying for people,” says Neil Munroe from Equifax.• “You can’t see it – you might not even realise that you’ve become a victim.• “People need to remember to apply the same level of precautions to what’s valuable to them as they do to their physical possessions.• “No-one would leave their front door open or their cash lying around for anyone to help themselves, yet the levels of security some people are applying to their online activities is almost the same!”
  • 6. What is Fraud ?For more information please visit: