Article – Understanding Fraud (Articles) Understanding Fraud Motivations: Fraud is driven by a variety of factors, often summarized by the “Fraud Triangle,” which includes pressure, opportunity, and rationalization. Financial Pressure might stem from personal debt, lifestyle maintenance, or unexpected expenses. Opportunities for fraud arise in environments with weak internal controls, poor oversight, or gaps in […]
Category: Understanding Fraud
Understanding Fraud involves recognizing deceptive practices intended to secure unfair or unlawful financial gains by misleading or coercing individuals or organizations. Fraud typically involves a deliberate misrepresentation of facts, such as false advertising, identity theft, or phishing schemes, designed to deceive victims into providing money, personal information, or other resources. By understanding the common tactics used in fraud, such as false promises, fake identities, or high-pressure schemes, individuals and businesses can better protect themselves from becoming victims and can take proactive measures to verify the legitimacy of transactions and offers.