AlfaProtection

23/02/2018

Все буде фінтех! На Ukraine Financial Innovations Day завершили нашу піврічну інкубаційну програму з Mastercard та Національним Банком України.

Слідкуємо разом за успіхами проектів AlfaProtection, bNesis, youscore від youcontrol.com.ua, Go To-U, Incust, MO.Cash, PayCore.io, Sureberry, Sky Service POS

23/02/2018

23/02/2018

Fintech Master Demoday on Fintech Master Demoday. Everything you always wanted to know about AlfaProtection (but were afraid to ask)

29/01/2018

So, if your company has at least one fraud in the past year, and that appears to be likely, is the loss still significant? Over the years many people have tried to size the materiality
of fraud.
One of the biggest problems in determining the amount of the losses is the undetected fraud. However, ignoring the undetected losses, the current figures still indicate that fraud is costly in financial terms. Add to this the intangible costs,
such as, damage to the organization through loss of goodwill, negative publicity, reduced employee morale, stockholder confidence, etc. In some cases, the intangible costs may be
even higher than the financial losses.

26/01/2018

Risk and Materiality are two concepts that are well known and understood by auditors.
In the area of fraud these concepts apply to the risk of experiencing a fraud and the materiality of the losses to fraud. The assessment of the importance of these factors will, to some degree, determine how serious the company treats the prevention and detection of fraud. It will also affect the resources devoted to fraud related tasks by audit, so it is important for all auditors to given proper consideration to the risk and material of fraud in their organization.

23/01/2018

Procedures to Prevent Fraud
✔️ Enforcement of mandatory vacations
✔️ Job rotation
✔️ Management oversight (be observant)
✔️ Reporting programs:
• Hotlines
• Rewards

21/01/2018

Procedures to Prevent Fraud.
Employee Anti-Fraud Education:
Topics should include specific risks and:
✔️What is fraud
✔️How it hurts the organization
✔️How to identify fraud
✔️How to report fraud
✔️Punishment for dishonest acts

20/01/2018

Procedures to Prevent Fraud.
Proactive Audit Procedures:
✔️Use of analytical review procedures
✔️Fraud assessment questioning
✔️Surprise audits where possible

18/01/2018

Report Losses and Fraud
Call the card issuer as soon as you realize your card has been lost or stolen. Many companies have toll-free numbers and 24 hour service to deal with this. Once you report the loss or theft, the law says you have no additional responsibility for charges you didn’t make; in any case, your liability for each card lost or stolen is $50. If you suspect that the card was used fraudulently, you may have to sign a statement under oath that you didn’t make the purchases.

17/01/2018

Fraud protection practices include:

-Don’t give your account number to anyone on the phone unless you’ve made the call to a company you know. If you’ve never done business with them before, do an online search first for reviews or complaints.

-Carry your cards separately from your wallet. It can minimize your losses if someone steals your wallet or purse. And carry only the card you need for outing.

-During a transaction, keep your eye on your card. Make sure you get it back before you walk away.

-Never sign a blank receipt. Draw a line through any blank spaces above the total.

-Save your receipts to compare with your statement.

-Open your bills promptly — or check them often online.

-Report any questionable charges to the card issuer.

-Notify your card issuer if your address changes or if you will be traveling.

-Don’t write your account number on the outside of an envelope.

16/01/2018

What Can You Do To Prevent Credit Card Fraud ?
Incorporating a few practices into your daily routine can help keep your cards and account numbers safe. For example, keep a record of your account numbers, their expiration dates and the phone number to report fraud for each company in a secure place. Don’t lend your card to anyone — even your kids or roommates — and don’t leave your cards, receipts, or statements in your home or office. When you no longer need them, shred them before throwing them away.