Your Fraud
Prevention Toolkit

The Security Awareness Hub provides essential resources, insights, and tools to strengthen defences against fraud, and AI-enhanced scams and maintain cybersecurity. 

Understanding Fraud: Types, Methods, and Prevention

In today's digital age, fraud has evolved, becoming more sophisticated and challenging to detect. To navigate this evolving landscape, it's essential to explore the multifaceted nature of fraud, shedding light on its various types, and methods, and, most importantly, empowering you with actionable steps to safeguard against it.
Case Studies

Explore, Learn.

Learn how to prevent fraudulent activities and unravel complex fraud cases by exploring our archive of real-life fraud scenarios in the Case Studies section.

Educational Resources

Click Wisely

This guide highlights the need for caution in digital transactions, covering common errors such as wrong data entry and insufficient vendor checks to promote vigilance and prevent financial losses.

This Is A True Story...

21 FAQs on Fraud

What can individuals and businesses do to protect against AI-assisted fraud?

Staying informed about the latest security technologies and fraud prevention strategies is crucial. For businesses, implementing advanced AI-driven security solutions that can detect and counteract fraudulent AI activities is vital. Individuals should practice caution with their personal information online and be sceptical of unsolicited communications, regardless of how legitimate they may appear.

How does AI increase the efficiency of fraud?

AI algorithms can process vast amounts of data at high speeds, identifying patterns and vulnerabilities in systems that humans might overlook. This efficiency enables fraudsters to execute large-scale scams with precision, targeting numerous victims simultaneously and adapting tactics in real time to avoid detection.

What is AI-Assisted Fraud?

AI-assisted fraud involves using artificial intelligence technologies to automate or enhance fraudulent activities. This can include creating sophisticated phishing emails, mimicking human behaviour in unauthorized transactions, or analyzing large datasets to identify potential fraud targets more effectively.

How can I secure my mobile banking apps against fraud?

Use a secure lock screen, never store passwords on your device, regularly update the app, and monitor transaction alerts to detect unauthorised access promptly.

What are the risks of public Wi-Fi fraud?

Public Wi-Fi networks may be insecure, allowing fraudsters to intercept data transmitted over the network, including passwords and credit card information.

What is SIM swap fraud, and how can I prevent it?

SIM swap fraud involves scammers hijacking your phone number to intercept OTPs and access your accounts. Prevent it by safeguarding your SIM card details and promptly reporting lost or stolen phones to your carrier.

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Last Updated: April 4, 2024

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