419 scams originated in Nigeria in the 1980s, and are named after an old Nigerian criminal code for “theft under false pretences.” The above example is just one of the common stories clever fraudsters spin in order to con cash from innocent people. Other popular angles include the chance to invest in a business venture which, of course, does not exist. Or the opportunity to share in an ...
Accountants don't currently learn what motivates fraudulent conduct, how to spot the signals, how to prevent fraud from occurring and much more. As it stands now, auditors are fighting a war without being taught how to recognise the enemy. Until that changes, expect more heavy casualties
The global illicit economy has expanded dramatically over the last two decades,[1] and the trade of plagiarised and illicit counterfeit goods is a prevalent problem around the globe. It poses significant security, developmental, justicial, health, and safety threats. The offenders are comprised of “unimaginative competitors, unscrupulous vendors, and at its most extreme, organised crime.”
With the development of websites such as This Person Does Not Exist, anti-fraud professionals are continuing to see a rise in synthetic identity fraud.
