Fraud and Cyber Fraud: A Risk-Based Approach to Mitigating the Threats
Overview
Fraud represents one of the biggest threats to firms of all financial crime. Cyber-enabled and cyber-dependent fraud incidents are growing exponentially, and governments are creating new laws and regulations to address this systemic threat.
This includes, for example in the UK, the new criminal offence of failure to prevent fraud, which puts additional legal requirements on firms.
This course enables participants to identify fraud risk and to create and manage controls to prevent and to detect fraud, and is delivered by a highly experienced trainer with more than 40 years of experience in the field of financial crime compliance.
Who is this for?
This course is ideal for anyone new to managing fraud risk and to those who are experienced and wish to enhance their skills and knowledge in this area, including:
- Compliance professionals
- Fraud prevention and detection officers
- Human resources staff
- Technology professionals
- Legal, audit, finance, and operational staff
Learning Outcomes
After attending this course, participants will be able to:
- Describe the scale and scope of the challenge of fraud
- Apply and conform to relevant legislation and its impact on risk
- Describe the different types of fraud including occupational, manual, cyber enabled and cyber dependent and relevant examples, typologies and red flags
- Identify and manage the legal requirements of the criminal offence of failing to prevent fraud
- Identify and manage fraud red flags, typologies, and indicators
- Develop and implement a programme to prevent and detect external and internal fraud
Course Details
Session 1
- Introduction to fraud and the global and local threat and governmental and regulatory responses
- The corporate offence of failing to prevent fraud
- Review of the different types of fraud, including methods, targets, typologies, and red flags
- Key fraud cases detailed review
Session 2
- Understanding risk and its application in financial crime compliance
- Developing a firmwide fraud risk assessment: Methodologies, frameworks, key factors
- Implementing and managing controls for prevention and detection of fraud
Delivery
All of CCL Academy’s public courses are delivered virtually using Zoom.
Firms with more than 5 staff to train have the flexibility to deliver training in-person by one of our trainers at your premises, or virtually via Zoom, Teams or Webex.
Find out more about your Virtual or In-Person training experience below.
Virtual Delivery
Our virtual training courses are designed to be every bit as engaging as our in-person courses. To achieve this, our trainers use market-leading technology and a range of training techniques to ensure high levels of interaction with participants. Courses include the use of:
- Virtual ‘break-out’ rooms: participants are divided into virtual rooms to facilitate small group discussion.
- Polling: multiple-choice questions, answered anonymously, allow the trainer to assess knowledge and understanding across the group.
- Case studies: true to life case studies and scenarios are used to highlight the practical application of theoretical knowledge.
- Messaging: participants can submit questions and comments, either to the whole group or privately to the trainer.
Additional Benefits:
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Recording: public course participants have the option to access a recording of the course for one month after the course. In-House clients also have the option to record their training for an additional fee.
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On-going Q&A: public course participants can access an ongoing Q&A facility allowing them to ask questions relating to the course.
In-Person Delivery
Our in-person training is delivered face to face at your offices, and includes:
- ‘In-the-moment’ questions & discussions: questions through conversations allow the trainer to assess knowledge and understanding across the group.
- Case studies: true to life case studies and scenarios are used to explore practical application of theoretical knowledge.
- Q&A: participants can ask questions during training, either to the whole group or privately to the trainer.
