Facebook

Facebook is a social media or networking platform that uses the internet for its operation. It allows people to connect with others by creating an account and chatting with them over the internet. Facebook is supported by a variety of devices like mobiles, tablets, and personal computers.


Facial Recognition

Facial Recognition is a type of biometric check used to identify the person and unlock the system. It focuses on the facial structure of a person and identifies whether the person has the necessary authorization or not. Normally, it is used in phones and other security systems.


Fake check

A fake check is normally used by a fraudster with either a duplicate signature or writing for withdrawing cash from bank. This is a fairly common type of scam that is done by obtaining the necessary information from the real member of the bank to create a fake check and cash it later.


Fake merchandise

Fake merchandise includes products and services that are not authorized by the original company, but are sold with the name of the company. Fake merchandise is often used on the Internet through e-commerce websites where buyers cannot actually control the product.


False Account Entries

Fake Account Entries refer to the input of wrong or misleading information in terms of financial statements. It is ethically wrong to include fake account entries in software or in a book that has to be submitted to a financial manager.


False Data

False data refers to information which is not accurate, especially the information which, in a specific context, differs directly from the required information.


False Declines

False declines are generally referred to as false positives that occur when an actual transaction is apparently flagged by a protection system of a merchant and it is declined inadvertently. Often, it occurs when a cardholder trips into a merchant's fraud detection system.


False Documents

False documents are documents created with incorrect information that cannot be used for their required purposes because the document does not contain the necessary data. These documents are created for the purpose of deceiving others.


False Expense Claims

False Expense Claims are created when staff who are authorized to be reimbursed for a certain number of expenses incurred while carrying out their work duties, submit a claim for those reimbursements when they don't actually deserve them.


False Expense Reimbursements

False Expense Reimbursements occur when an employee falsely inflates costs associated with their work, so that when they ask for reimbursements they will be given more money than they should.


False Financial Statements

False Financial Statements describe when a person falsifies income reports, balance sheets, and/or creates fake cash-flow statements to deceive the people who receive them. The purpose of this activity is generally personal profit.


False Front Merchants

False Front Merchants is when a company appears to have valid businesses, but actually, all are just fronts for a number of various fraud schemes. The ability of some fraudsters to make fake companies is growing with the new ways digital payment systems perform in a business, which give the opportunities for the fraudsters to set up sophisticated, deceptive schemes of false front merchants.


False Identity Fraud

False Identity Fraud is a situation where a person creates a fake identity to commit criminal activities. Actions that are examples of identity fraud are making a credit card, submitting for a loan, or opening bank accounts.


False Invoices

False Invoices could be described as the situation where a person makes an invoice that does not relate to a real sale or payment and is used to get money dishonestly and undeservedly.


False Negative

A false negative is when a fraudulent transaction fails  to be flagged as fraudulent, and gets through a system's fraud detection. It is the opposite of a false positive.


False Positive

False Positives, also known as “false declines” or “sales insults” appear when financial organizations or merchants decline valid orders. False positives are primarily caused by a businesses anti-fraud system incorrectly marking a transaction as likely to be fraud, when in truth the order is legitimate.


False Report

A false report is created when somebody knowingly reports a crime that did not occur, or knowingly reports details of a crime incorrectly.


False Reporting

False Reporting is when someone creates documents with false financial information and submits this information as legitimate.


False Sales Invoices

A contractor or supplier may commit fraud by knowingly submitting false, inflated or duplicated invoices with the intent to defraud the company they have been hired by. The contractor may act alone, or collude with payroll staff to keep the fraud going. The expression “false invoices” refers to invoices for goods or services that were never actually provided.


False Travel Claim

A false travel claim is when a person falsely claims they traveled by a certain method, and then asks to be reimbursed for paying for that method. An example would be if an employee said they had to take public transport to get somewhere, when in reality they simply walked or biked, and just want to make the money they say they spent.


False Vendors

False Vendors refer to any scheme that is completed by creating fake vendors. This can have multiple uses for fraud; for one, the fraudster can send invoices to companies asking for payments on a service or good that was never actually provided. Another example is when a fraudster will create a duplicate payment system, causing consumers to have to pay twice to buy a good, one payment going to the fraudster.


Falsified Hours

Falsified Hours is the term for when an employee records themselves as having worked more hours than they truly have in order to be paid for work they have not done.


Familiar Fraud

Familiar fraud describes when a customer asks for a chargeback instead of pursuing a refund from the merchant they made the purchase with, with the purpose of keeping their funds while also getting the product they bought.


Federated Identity

A federated identity in information technology refers to process of linking a person's electronic identity and attributes across multiple distinct identity management systems. Federated identity is related to single sign-on (SSO), in which a user's single authentication ticket or token, is trusted across multiple IT systems or even organizations. SSO is a subset of federated identity management, as it relates only to authentication and is understood on the level of technical interoperability and it would not be possible without some sort of federation.


Fictitious Refunds

In a fictitious refund scheme, an employee processes a transaction as if a customer were returning merchandise, even though there is no actual return. Since the transaction is fictitious, no merchandise is actually returned. The result is that the company's inventory is overstated.


FIDO

Fast Identity Online is a set of open technical specifications for mechanisms of authenticating users to online services that do not depend on passwords. FIDO authentication seeks to use the native security capabilities of the user device to enable strong user authentication and reduce the reliance on passwords.


Financial Crime

Financial Crime is a category of crime that is performed against property, comprising of the illegal conversion of the property rights to the personal use and benefits of the fraudster. Financial crime may involve fraud types such as securities fraud, credit card fraud, bank fraud, and more.


Fingerprint Recognition

Fingerprint Recognition is one of the most popularly used biometrics, and so far it is considered the most secure authentication method. Fingerprint Recognition refers to the automatic process of identifying or approving the identity of a person built on the comparison of two fingerprints.


Fintech Fraud

Fintech fraud refers to any fraud that takes place that is related to fintech in some way. Fintech fraud scandals can involve peer-to-peer financing platforms as well as crowd funding platforms, and have served as stark reminders of the risks from the use of Fintech where the proper rules or regulations on transactions are not present.


Firewall

A firewall is a system designed to prevent unauthorized access to or from a private network. You can implement a firewall in either hardware or software form, or a combination of both. Firewalls prevent unauthorized internet users from accessing private networks connected to the internet, especially intranets.


Food Fraud

Food fraud is the activity of changing, perverting, mislabeling, replacing or interfering with any food product at any theme alongside the farm–to–table food supply–chain. The fraud may appear within the fresh material, inside the ingredient, in the finishing product or maybe in the wrapping or packaging of the food.


Forged Signatures

Forged signatures are signatures created to look like very similar or the same as another's signature, but that was not created/signed by the signature's original creator. This is done to provide false authentication on documents; for example, a fraudster could "forge" a signature on a check to take money from someone without permission.


Fortune Teller Scam

Fortune teller scam, also known as the “bujo”, is a type of confidence game. The basic feature of the scam involves diagnosing the victim (the "mark") with some sort of secret problem that only the grifter can detect or diagnose, and then charging the mark for ineffectual treatments.


Fraud

Fraud can be described as a consciously dishonest and/or illegal act done generally for personal gain, or to afflict another. Fraud can violate civil law, and cause the loss of cash, property, or other legal rights.


Fraud Analyst

A fraud analyst is someone who investigates forgery and theft within customers' accounts and transactions on behalf of a bank or a financial institution. They track and monitor the bank's transactions and activity that comes through the customers' accounts.


Fraud Definition

Fraud is defined generally as the wrongful or criminal act to deceive someone for one's own financial or personal gain. Legal definitions of fraud vary across countries, at the federal and state levels in the US, and even among states, but most have, at their core, the use of deception to make a gain by unlawful or unfair means. Many types of fraud exist, including occupational, operational, investor, accounting, credit card and insurance fraud, but all forms share the fact that the perpetrator knowingly receives a benefit to which they're not rightfully entitled. The purpose of fraud may be financial gain but also covers the acquisition of other benefits, such as obtaining a driver's license, a passport or other travel documents, or qualifying for a mortgage by using falsified documents or making false statements.


Fraud Department

Insurance corporations, banks, shops, and a mass of other companies employ fraud analysts to identify and prevent fraudulent activities, and if an organization dedicates a group of their employees to this task, they are known as a company's "fraud department". 


Fraud Detection

Fraud detection is a set of activities undertaken to prevent money or property from being obtained through false pretenses. Fraud detection is applied to many industries such as banking or insurance. In banking, fraud may include forging checks or using stolen credit cards.


Fraud Examiner

A fraud examiner is a highly qualified professional who investigates cases of criminal and civil fraud. Fraud examiners can be certified to prove their expertise within the field of fraud and fraud prevention.


Fraud Filter

A fraud filter is a tool you can add to your e-commerce shop to prevent potentially fraudulent orders from processing in your store. Depending on how you set up the fraud filters, it will either warn you of a potentially fraudulent transaction or cancel an order entirely.


Fraud Guidelines

Fraud Guidelines are the practical guidelines put in place to help prevent, detect, and investigate any type of fraud that may occur within a business's dealings.


Fraud Jobs

Fraud jobs are the category of jobs that work in the fraud field, such as a fraud specialist, forensic accountant, forensic audit manager, forensic director, senior auditor, risk assurance and risk analyst, audit consultant, forensic service manager or a forensic auditor.


Fraud Lawyers

Fraud Lawyers are lawyers who practice law in the criminal fraud and civil areas. These lawyers assist companies who have been affected by fraud performed by their employees or other party by performing internal investigations, collecting proof, and communicating with the authorities as well.


Fraud Managed Services

Fraud Management Services are defined as the associations that provide support in reviewing and resolving all potential fraudulent operations of a company, assisting the company in the immediate cancellation and then refunding of illicit purchases. These associations conduct ongoing anti-fraud investigations to create innovative fraudulent policies to increase controls.


Fraud Prevention

Fraud prevention refers to the practices, processes, and tools which are utilized in the prevention of fraud and that may occur in different online transactions, exchange of services, and input of information. In order to prevent fraud, a third-party solution can also be utilized. Preventing fraud is an important task for both organizations and online users.


Fraud Prevention Software

A number of merchants incorporate fraud protection software within their loss-prevention approaches. These automatic software programs support the companies to identify hazardous transactions in real time and decrease the amount of consumer fraud that occurs. Through an algorithm, the fraud protection software scans transactions, and uses previous transactional facts to uncover any potential risks and then marks the transactions to be further investigated.


Fraud Prevention Specialist

A Fraud Prevention Specialist is a person in a company who has the responsibility of taking care of certain assets and ensuring they remain protected from any potentially fraudulent actions. Their goal is both to detect any fraud occurring and then to also stop it.


Fraud Response Plan

A Fraud Response Plan is a policy aimed at ensuring that effective and timely action is taken in the event of fraud occurring. A Fraud Response Plan gives employees the details of the entire procedure for reporting any suspected fraud, defines the actions that the company needs to take and also defines authority levels, responsibilities for action, and reporting lines in the event of a suspected fraud or irregularity.


Fraud Ring

A Fraud Ring could be described as an organization which performs activities with the intention to defraud or take advantage of other people. A fraud ring might be involved in any kind of forgery, creating fake claims, stealing a private identity, or even counterfeiting checks and currency as well.


Fraud Risk Assessment

A fraud risk assessment is a tool used by business management to identify and understand risks to their business and weaknesses in controls that present a fraud risk to the organization. Once a risk is identified, a plan can be developed to mitigate those risks by instituting controls or procedures and assigning individuals to monitor and effectuate the plan of mitigation.


Fraud Risk Profile

There are two types of Fraud Risk Profiles: that of employees who abuse company assets to obtain personal benefits, and that of people who create the fraud plan in order to give the impression that will make the company look more profitable than it really is.


Fraud Schemes

Fraud Schemes are schemes that fraudsters have created to execute a criminal or fraudulent scenario, in order to obtain the personal benefits derived from it. Corruption, money laundering, skimming cash, and more are all fraud schemes.


Fraud Score

A Fraud Score is an informational tool that helps you gauge risk involved with orders before processing them by identifying traits and historical trends associated with suspicious behavior and fraudulent orders. Fraud detection is a set of activities undertaken to prevent money or property from being obtained through false pretenses. Fraud detection is applied to many industries such as banking, insurance, and e-commerce. This means techniques such as real-time monitoring for frauds is recommended.


Fraud Screening

Fraud Screening generally refers to a checking system that identifies potentially fraudulent transactions. Fraud screening helps reduce fraudulent credit card transactions, reduce the number of manual reviews, minimizes risky sales, and improves a company’s bottom line.


Fraud Statistics

Fraud Statistics are reports produced by companies and organizations that detail things like the numbers of fraudulent transactions that have occurred in a period, what kinds of fraud took place, and anything else related to data on fraud. These fraud statistics are used to figure out how much and what kind of fraud occurs, so that a better preventative plan can be created to mitigate the impacts of fraud.


Fraud Triangle

The Fraud Triangle is a simple framework that is useful to understand a worker's decision to commit workplace or occupational fraud. The fraud triangle consists of three components (sides) which, together, lead to the workplace fraud, and are: 1) a financial need, 2) a perceived opportunity, and 3) a way to rationalize the fraud as not being inconsistent with their own values. The Fraud Triangle is a common teaching aide and metaphor that has been used for decades.


Fraud Upon The Court

Fraud on the court occurs when the judicial machinery itself has been tainted, such as when an attorney, who is an officer of the court, is involved in the perpetration of a fraud or makes material misrepresentations to the court. Fraud upon the court makes void the orders and judgments of that court.


Fraud vs Abuse

Fraud is defined as an intentional deception or misrepresentation made by a person with the knowledge that the deception could result in some unauthorized benefit to himself or some other person. Abuse is defined as provider practices that are inconsistent with sound fiscal, business, or medical practices. It is the actual intention behind these actions that truly differs fraud and abuse.


Fraud vs Forgery

Fraud denotes any kind of practice of dishonesty of a person or a company for financial advantage. It is generally considered a well-thought-out crime by the law. On the other hand, forgery is essentially concerned with a produced or altered object. Fraud is the crime of deceiving another, which may be performed through the use of objects obtained through forgery. Forgery is a common technique in fraud schemes, where the fraudster uses forged documents in order to gain access to information or materials they should not truly have access to.


Fraud vs Theft

Fraud can be defined as when a person deceives others in order to personally benefit themselves. The main objective of fraud is to get money or other valuable items from somebody without their permission. On the other hand, theft occurs when a person or entity takes money or property without permission, or uses them in an illicit manner, with the intent to gain a benefit from it. Performing a fraudulent scheme is generally a step taken to steal something from another.


Fraud Waste and Abuse

Fraud Waste and Abuse is typically a term most commonly used in government and healthcare and refers to several types of negligent and possibly criminal behavior. As defined by United States Code 1347, Fraud is “knowingly and willfully executing, or attempting to execute, a scheme or artifice to defraud any health care benefit program; or to obtain, by means of false or fraudulent pretenses, representations, or promises, any of the money or property owned by, or under the custody or control of, any health care benefit program.” It is illegal to knowingly submit false information in order to receive a monetary or other benefit, the definition of fraud. Waste and abuse, on the other hand, do not require intent and knowledge of wrongdoing. Abuse might take the form of a payment for items or services that have no substantiated basis for payment and/or for which the provider has not knowingly or intentionally tried to get paid. Waste usually refers to the inefficient use of services and is generally not the result of criminal negligence.


Fraud Waste and Abuse Policy

Fraud Waste and Abuse Policy is the set of policies that a business or organization likely have in place so that if fraud or waste occurs within that entity, it has a set of procedures in place to deal with the effects of that fraud or abuse.


Fraud Waste and Abuse Training

Fraud Waste and Abuse Training is training that helps you to understand the definitions of fraud, waste and abuse, identify the principles underlying state and federal laws associated with fraud, waste and abuse, and understand the importance of responsibility for preventing fraud, waste and abuse.


Fraudulent Apps

Fraudulent apps are apps that say they provide some kind of service or entertainment, but their actual purpose is to download malware onto a device, or to discretely attain sensitive information. Some fraudulent apps completely emulate authentic apps, with the intention of tricking people into thinking they are using the real application.


Friendly Fraud

Friendly Fraud can take many forms, but typically involves an actual consumer obtaining goods or services from a merchant, then claiming they did not make the purchase, did not receive the goods, or only received a fraction of items, in order to keep the goods or services without paying for them. Customers commiting friendly fraud make the purchase on a credit card, receive the product or service, and then demand a refund for a lost or short-shipped order, or file a chargeback through their credit card issuing bank, with the intention of receiving a full refund of purchase amount. Also referred to as chargeback fraud, it is estimated that $4.8 billion was lost by US businesses last year to friendly/chargeback fraud. It is also estimated that as much as 80% of all chargebacks are fraudulent.


Front Companies

Front companies could be defined as fictious companies which have been set up and organized by criminals or fraudsters, with the main purpose of using them to perform fraudulent activities. The company may be used to carry out any transaction process on fraudulently collected products.