I guess fraudulent is not preventable but you can minimize being a victim if you will be very vigilant in your actions towards your investments. Doing more research before engaging to something which includes money will reduce the chances of being a victim of fraudulence.
knowledge is the best way to dodge fraud. and where ever you are, in any platform, there are many fraud that hunt ever person move. ask to someone that know about that thing, get more experience to make yourself expert, and sometime, you need to be victim to get more experience
Topic: How to prevent fraud? - page 2. (Read 3157 times)
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sooner or later this type of investment will be abandoned by many people, signs such as a decrease in trust is evidence that the public has been aware of the fraud.
nothing is safe in this world, there will always be a fraud. experience is very valuable to learn to at least avoid or minimize the great risk of fraud.
sooner or later this type of investment will be abandoned by many people, signs such as a decrease in trust is evidence that the public has been aware of the fraud.
nothing is safe in this world, there will always be a fraud. experience is very valuable to learn to at least avoid or minimize the great risk of fraud.
The things that are being branded as frauds should not be the investment (crypto) itself, they are but mere tools, the ones we should be aware of are the people behind it. And that should be common knowledge. People forget that "people" have the ability to commit fraud, not the items presented--they're the ones who operate.
Just remember that If it's too good to be true then it is fraud 
Then again how can one identify if it's good to be true? After all, there's an art for mischief.
Billions of dollars are lost every year to occupational fraud or White collar crime. Businesses have been forced into bankruptcy because of fraud. In this day of blurred lines between right and wrong along with an end justify the means mentality, fraud is on the rise. Is your business at risk? Probably so, if you have any employees’, receive deliveries, or have accountants, managers or bookkeepers handle any of your business. To prevent fraud from happening in your company you need to understand the dynamics of this crime.
There are 2 main sources of fraud. The first is internal meaning an inside job usually an employee of the company. The second form is external and this is likely to be perpetrated by an outside vendor or supplier. Most fraud, unfortunately, is an inside job.
The United States Chamber of Commerce estimates that employee theft costs businesses somewhere between $20 and $40 billion per year. As indicated previously not all fraud is committed by employees. Vendors and suppliers can easily scam a business if the right checks and balances aren’t in place and that increases the amount of revenue lost to fraud by a substantial amount.
Who is more likely to commit fraud?
Most fraud is committed by those in the position of authority who have control of information. They are less likely to be questioned. Managers and professionals have the capacity to commit fraud and conceal information relating to it. That, however, does not mean that fraud is not committed by other employees.
Spotting possible fraud ;
The obvious indication is missing funds, but there are other things to look for. Identification of red flags of fraud is the first step in recognizing and stopping fraud. Be aware of the signs an employee might be committing fraud.
These signs may indicate that an employee is perpetrating fraud;
An employee constantly at work, coming in early and leaving late may indicate that something is going on. Be aware that some frauds require constant manipulation of information to remain hidden. If the perpetrator was not at work, the fraud may be exposed
Watch for an autocratic management style that ignores employee complaints or suggestions and discourages criticism of their own actions and their actions are often unaudited.
Key employees having too much control without audit checks
The red flags alone may not be the reason for an employer to take action against an employee. They are, however, cause for scrutiny and further investigation.
Daily there is a very good chance you will read an article in local newspapers about one or more employees caught stealing or unlawfully taking something from their place of employment be it; theft, pilfering, larceny and or outright embezzlement. Every year billions of dollars are lost by businesses nationwide to employee fraud and theft and the number of incidents is rising with small businesses, which usually focus on product development, marketing and sales, are particularly vulnerable.
Businesses can not run properly without its human resources, however, some employees of the company can defraud and with the result of the business suffering losses or even going bankrupt from occupational frauds.
Owners and senior management of small-medium and big businesses have to pay attention to a lot of activities and make a number of decisions each day which may not allow enough time to diligently concentrate on each functional areas, therefore, business requirements to build a solid internal control system to prevent fraud or error.
This system should set out policies and procedures for processing, recording and reporting financial data and securing a company’s assets.
Typically, frauds occur in the following areas;
Accounts receivable — This entails an employee or accomplice diverting customer payments for his own use. This usually involves opening a bank account with a name similar to the company’s name and deposits checks meant for the company in it. Inventory fraud. This involves an employee appropriating business inventory for personal use stealing inventory for resale. This is more common with consumer goods that are small and easy to conceal. In addition to stealing for personal use. Purchasing fraud. High stork businesses are particularly vulnerable to fraud and it is an area that represents the large risk for embezzlement. This usually involves paying invoices to fictitious companies. The employee establishes a fake entity and has it enter into the company’s system as a vendor and then produces invoices from the fake vendor, which get processed. Cash fraud. Company’s cash is an inviting target for fraudulent activities. Employees usually use company checks to withdraw cash directly or pay personal expenses or may skim cash off the top before it enters the accounting system.
About Author:
My name is Janise and I am business coach and zodiac casino flash review writer with 6 years if experience. I want to help people how to manage their business life and their budgets.
There are 2 main sources of fraud. The first is internal meaning an inside job usually an employee of the company. The second form is external and this is likely to be perpetrated by an outside vendor or supplier. Most fraud, unfortunately, is an inside job.
The United States Chamber of Commerce estimates that employee theft costs businesses somewhere between $20 and $40 billion per year. As indicated previously not all fraud is committed by employees. Vendors and suppliers can easily scam a business if the right checks and balances aren’t in place and that increases the amount of revenue lost to fraud by a substantial amount.
Who is more likely to commit fraud?
Most fraud is committed by those in the position of authority who have control of information. They are less likely to be questioned. Managers and professionals have the capacity to commit fraud and conceal information relating to it. That, however, does not mean that fraud is not committed by other employees.
Spotting possible fraud ;
The obvious indication is missing funds, but there are other things to look for. Identification of red flags of fraud is the first step in recognizing and stopping fraud. Be aware of the signs an employee might be committing fraud.
These signs may indicate that an employee is perpetrating fraud;
An employee constantly at work, coming in early and leaving late may indicate that something is going on. Be aware that some frauds require constant manipulation of information to remain hidden. If the perpetrator was not at work, the fraud may be exposed
Watch for an autocratic management style that ignores employee complaints or suggestions and discourages criticism of their own actions and their actions are often unaudited.
Key employees having too much control without audit checks
The red flags alone may not be the reason for an employer to take action against an employee. They are, however, cause for scrutiny and further investigation.
Daily there is a very good chance you will read an article in local newspapers about one or more employees caught stealing or unlawfully taking something from their place of employment be it; theft, pilfering, larceny and or outright embezzlement. Every year billions of dollars are lost by businesses nationwide to employee fraud and theft and the number of incidents is rising with small businesses, which usually focus on product development, marketing and sales, are particularly vulnerable.
Businesses can not run properly without its human resources, however, some employees of the company can defraud and with the result of the business suffering losses or even going bankrupt from occupational frauds.
Owners and senior management of small-medium and big businesses have to pay attention to a lot of activities and make a number of decisions each day which may not allow enough time to diligently concentrate on each functional areas, therefore, business requirements to build a solid internal control system to prevent fraud or error.
This system should set out policies and procedures for processing, recording and reporting financial data and securing a company’s assets.
Typically, frauds occur in the following areas;
Accounts receivable — This entails an employee or accomplice diverting customer payments for his own use. This usually involves opening a bank account with a name similar to the company’s name and deposits checks meant for the company in it. Inventory fraud. This involves an employee appropriating business inventory for personal use stealing inventory for resale. This is more common with consumer goods that are small and easy to conceal. In addition to stealing for personal use. Purchasing fraud. High stork businesses are particularly vulnerable to fraud and it is an area that represents the large risk for embezzlement. This usually involves paying invoices to fictitious companies. The employee establishes a fake entity and has it enter into the company’s system as a vendor and then produces invoices from the fake vendor, which get processed. Cash fraud. Company’s cash is an inviting target for fraudulent activities. Employees usually use company checks to withdraw cash directly or pay personal expenses or may skim cash off the top before it enters the accounting system.
About Author:
My name is Janise and I am business coach and zodiac casino flash review writer with 6 years if experience. I want to help people how to manage their business life and their budgets.
Just remember that If it's too good to be true then it is fraud
I guess fraudulent is not preventable but you can minimize being a victim if you will be very vigilant in your actions towards your investments. Doing more research before engaging to something which includes money will reduce the chances of being a victim of fraudulence.
knowledge is the best way to dodge fraud. and where ever you are, in any platform, there are many fraud that hunt ever person move. ask to someone that know about that thing, get more experience to make yourself expert, and sometime, you need to be victim to get more experience 
Indeed a lot of fraud occurs in the world of cryptocurrency, especially in ICO projects there have been many incidents of fraud.
This can have an effect negative to the views of ordinary people about cruptocurrency. To be honest, it is very difficult to eliminate
or eradicate scammers, because they are everywhere. So we better prevent it or avoid fraud, by being more careful with projects
that offer prizes to good to be true. Usually HYIP sites that offer rewards that don't make sense, like doubling our capital within 24
hours.These are the characteristics of fraud.It should be avoided.
to prevent it we must do research deeply , dont miss even small think from crypto projects. At this moment many fake projects prepare their document perfectly. More attention from us to projects and finding something wrong will make us safe and free from fake trapp. Fake developers trying to make investor interested to them and if we have more research and data we will easily identify it. This can have an effect negative to the views of ordinary people about cruptocurrency. To be honest, it is very difficult to eliminate
or eradicate scammers, because they are everywhere. So we better prevent it or avoid fraud, by being more careful with projects
that offer prizes to good to be true. Usually HYIP sites that offer rewards that don't make sense, like doubling our capital within 24
hours.These are the characteristics of fraud.It should be avoided.
Indeed a lot of fraud occurs in the world of cryptocurrency, especially in ICO projects there have been many incidents of fraud.
This can have an effect negative to the views of ordinary people about cruptocurrency. To be honest, it is very difficult to eliminate
or eradicate scammers, because they are everywhere. So we better prevent it or avoid fraud, by being more careful with projects
that offer prizes to good to be true. Usually HYIP sites that offer rewards that don't make sense, like doubling our capital within 24
hours.These are the characteristics of fraud.It should be avoided.
This can have an effect negative to the views of ordinary people about cruptocurrency. To be honest, it is very difficult to eliminate
or eradicate scammers, because they are everywhere. So we better prevent it or avoid fraud, by being more careful with projects
that offer prizes to good to be true. Usually HYIP sites that offer rewards that don't make sense, like doubling our capital within 24
hours.These are the characteristics of fraud.It should be avoided.
I once thought like that, I think it's quite safe and impossible to hack, but I got hacked, then I also got a scam investment. but from all that experience I learned to avoid fraud. because in my opinion, the experience will make people more aware and concerned. but if everything we do is right and still gets fraud? who is to blame? even big markets often get fraud.
As long as there are markets and there is money involved in them you can be sure that there are going to be frauds all over the place, what you need to do is to protect yourself, and while many times we discuss the ways in which you can protect yourself with the use of technology, we do not discuss how you can protect yourself by just using your common sense, and this is really important especially when it comes to investing in icos that despite all their claims most of them are just scams.But we can do something to stop them and that is to share to people that they are not worth it to invest at after we've done our own investigation and we have proven that they are scam, so better to use friends and relatives and share here or in all social media so people could be aware and can find those things once they do their own research. Let's do our part for this to help people not become victim.
nothing is safe in this world, there will always be a fraud. experience is very valuable to learn to at least avoid or minimize the great risk of fraud.
I once thought like that, I think it's quite safe and impossible to hack, but I got hacked, then I also got a scam investment. but from all that experience I learned to avoid fraud. because in my opinion, the experience will make people more aware and concerned. but if everything we do is right and still gets fraud? who is to blame? even big markets often get fraud.
As long as there are markets and there is money involved in them you can be sure that there are going to be frauds all over the place, what you need to do is to protect yourself, and while many times we discuss the ways in which you can protect yourself with the use of technology, we do not discuss how you can protect yourself by just using your common sense, and this is really important especially when it comes to investing in icos that despite all their claims most of them are just scams.But we can do something to stop them and that is to share to people that they are not worth it to invest at after we've done our own investigation and we have proven that they are scam, so better to use friends and relatives and share here or in all social media so people could be aware and can find those things once they do their own research. Let's do our part for this to help people not become victim.
I once thought like that, I think it's quite safe and impossible to hack, but I got hacked, then I also got a scam investment. but from all that experience I learned to avoid fraud. because in my opinion, the experience will make people more aware and concerned. but if everything we do is right and still gets fraud? who is to blame? even big markets often get fraud.
As long as there are markets and there is money involved in them you can be sure that there are going to be frauds all over the place, what you need to do is to protect yourself, and while many times we discuss the ways in which you can protect yourself with the use of technology, we do not discuss how you can protect yourself by just using your common sense, and this is really important especially when it comes to investing in icos that despite all their claims most of them are just scams.I once thought like that, I think it's quite safe and impossible to hack, but I got hacked, then I also got a scam investment. but from all that experience I learned to avoid fraud. because in my opinion, the experience will make people more aware and concerned. but if everything we do is right and still gets fraud? who is to blame? even big markets often get fraud.
As long as there are markets and there is money involved in them you can be sure that there are going to be frauds all over the place, what you need to do is to protect yourself, and while many times we discuss the ways in which you can protect yourself with the use of technology, we do not discuss how you can protect yourself by just using your common sense, and this is really important especially when it comes to investing in icos that despite all their claims most of them are just scams. there are many frauds that happen in the past years and it causes fear to other people and that's why they are now afraid to make investment in the market. Misinformation and misconceptions are both factors why people are getting fraud. It is better if we know what we are doing in order to have a profit.
knowledge is so very important this day because of any fraud we heard outside and inside crypto. we cant stop this kind of people, there are always there to warn everyone that they need to gain lots of information. for me it is good to listen to them sometimes because we can learn everything from them and we can think much more on what move we can do.
I think it will always exist, we just need to be careful.
Only focus on mainstream coins, hight risky means high profit, but you must have rational brain like computer does or you won't esacpe from probability.
The number one thing you can do is educate yourself on the most basic principles of cyber security which seems like something that not even large Bitcoin investors will do. Cyber security is not rocket science and doing a bit of research before pouring part of your life savings into an internet currency that's irreversible does not seem like bad idea. A lot of fraud stems from hacks and it ultimately boils down to people not being responsible with their funds. You can't just store Bitcoin in a bank and call it a day. A Bitcoin holder is responsible for their own funds and if those funds get stolen, no bank or exchange is going to help them out. On top of storage security, following common sense always goes a long way. This includes NOT storing large amounts of Bitcoin on exchanges which almost always result in losing funds. Exchanges are not meant to be long term storage facilities and should be used very solemnly.
Actually they have educated themselves and many have known about cyberspace security. But they underestimate the important things and believe that their assets are in a safe place while the scammers always have many ways to hack the system.
So when holders of these coin holders lose their assets whether in personal wallet or exchanges, they can only blame themselves for their carelessness.
I once thought like that, I think it's quite safe and impossible to hack, but I got hacked, then I also got a scam investment. but from all that experience I learned to avoid fraud. because in my opinion, the experience will make people more aware and concerned. but if everything we do is right and still gets fraud? who is to blame? even big markets often get fraud.
Informative post,As we all know its era f globalization and we live in global village its because of internet.If we avail the best opportunities while also there is risk of frauds so just believe in real and registered projects and don't believe in a person but the organisation having physical existence and worth.
Frauds are inseparable part of cryptocurrency market, which still develops fast. Who has never encountered any crypto-related activity which seemed to be suspicious? The thing is to make people more aware that the internet is full of any type of scams, from coins stealing, pyramid schemes to hacking accounts so on and so on. It could be hard or even maybe impossible to eliminate it totally. However there are companies set up strictly to prevent frauds, money laundering or reclaiming stolen cryptocurrencies e.g. Coinfirm. Company that gained popularity through business partnerships with platfroms like Binance, Kroll, Coindeal, RSK, XAP, Cointelligence. Generally- interesting topic, hope in the future the internet would be a bit safer place, if you are interested in such activities, you can find more information on their website: https://www.coinfirm.com/
It is not the problem of digital market only but scams have remained with us since the beginning. It is in human nature to deceive others. People like to snatch money instead of making because this way big amounts can be made in lesser time. But this does not mean that the coins are not good or the technology has opened more ways for the criminals. Like every thing, crypto currencies has its own pros and cons. 
The number one thing you can do is educate yourself on the most basic principles of cyber security which seems like something that not even large Bitcoin investors will do. Cyber security is not rocket science and doing a bit of research before pouring part of your life savings into an internet currency that's irreversible does not seem like bad idea. A lot of fraud stems from hacks and it ultimately boils down to people not being responsible with their funds. You can't just store Bitcoin in a bank and call it a day. A Bitcoin holder is responsible for their own funds and if those funds get stolen, no bank or exchange is going to help them out. On top of storage security, following common sense always goes a long way. This includes NOT storing large amounts of Bitcoin on exchanges which almost always result in losing funds. Exchanges are not meant to be long term storage facilities and should be used very solemnly.
Actually they have educated themselves and many have known about cyberspace security. But they underestimate the important things and believe that their assets are in a safe place while the scammers always have many ways to hack the system.
So when holders of these coin holders lose their assets whether in personal wallet or exchanges, they can only blame themselves for their carelessness.
Frauds are inseparable part of cryptocurrency market, which still develops fast. Who has never encountered any crypto-related activity which seemed to be suspicious? The thing is to make people more aware that the internet is full of any type of scams, from coins stealing, pyramid schemes to hacking accounts so on and so on. It could be hard or even maybe impossible to eliminate it totally. However there are companies set up strictly to prevent frauds, money laundering or reclaiming stolen cryptocurrencies e.g. Coinfirm. Company that gained popularity through business partnerships with platfroms like Binance, Kroll, Coindeal, RSK, XAP, Cointelligence. Generally- interesting topic, hope in the future the internet would be a bit safer place, if you are interested in such activities, you can find more information on their website: https://www.coinfirm.com/
there are many frauds that happen in the past years and it causes fear to other people and that's why they are now afraid to make investment in the market. Misinformation and misconceptions are both factors why people are getting fraud. It is better if we know what we are doing in order to have a profit.
Yes, we cannot stop them from doing bad things that can affect us and their other target, but we can avoid that thing to happen again, we need to know everything and be aware in everything starting now, when we already fail on something or been scam better to avoid that to happen again before they target you again.there are many frauds that happen in the past years and it causes fear to other people and that's why they are now afraid to make investment in the market. Misinformation and misconceptions are both factors why people are getting fraud. It is better if we know what we are doing in order to have a profit.
Yes, we cannot stop them from doing bad things that can affect us and their other target, but we can avoid that thing to happen again, we need to know everything and be aware in everything starting now, when we already fail on something or been scam better to avoid that to happen again before they target you again.Jump to: