The video provides an in-depth analysis of fraud and financial crime, covering a wide range of topics. It explores the world of illegal transactions on the dark web and how they operate. The video also discusses the various tactics used in internet crime, such as social engineering and phishing scams. It then delves into data breaches and how they can lead to identity theft and other forms of fraud. The video highlights how credit thieves often use charity donations as a way to steal credit card information. It then explains money laundering and how it is used to conceal the proceeds of criminal activity. The video also covers credit card testing fraud red flags, which include unusual transaction amounts and multiple transactions from the same IP address. The video presents local fraud case studies that illustrate how fraudsters can use social engineering tactics to trick people into giving away their personal information or money. It discusses behavior red flags that can indicate fraudulent activity, such as sudden changes in spending patterns or account activity. The video then explains Benford’s Law applications in fraud detection, which is a statistical method used to detect anomalies in large datasets. Finally, it presents a forensic audit case study that highlights the importance of forensic accounting in detecting and preventing fraud.
0:00 Introduction 0:13 Objectives 3:32 The Dark Web Illegal Transactions 5:30 Things That Make Internet Crime Work 7:29 Data Breach 8:28 Credit Thieves Love Giving to Charity 11:02 Money Laundering 11:54 Credit Card Testing Fraud Red Flags 18:16 Local Fraud Case study 2 21:11 Behaviour Red Flags 23:18 Benford's Law Applications 24:29 Forensic Audit Case Study
Anti-fraud 101 (2017) was a knowledge sharing session for the former CEO's finance team of Shared Services for Charities Ltd.