Fraud Detection Certification

All businesses should have in place a set of policies and procedures that deter people from committing fraud. Unfortunately, fraud remains a common problem across many industries. The financial sector is particularly vulnerable to these crimes.

Fortunately, there are many steps you can take to prevent fraud and minimise the damage if a crime has already occurred. In this course, you will learn the underlying principles of fraud detection, what fraud detection looks like in practice and the most common challenges people investigating suspected fraud tend to encounter.

You Will Learn:

Why fraud detection is important and why learning how to spot patterns is an essential skill in investigating fraud

How to look for clues that may point to future instances of fraud

How to identify anomalies in records and processes by analysing data

The challenges that face data auditors when trying to identify fraudulent activity and how to use analytics to identify red flags

How to detect credit card fraud using decision trees and algorithms

Benefits of Taking This Course:

Anyone who owns a business or occupies a senior position will benefit from this course, as it contains essential information that will help guard a company against fraud.

If you are an employee, knowing how and why fraud occurs will help you play your role in flagging anomalies, which could ultimately save your company a lot of time and money.

If you are responsible for recruiting new employees, this course will help you take their financial background into consideration when deciding whether to make an offer.

If you are interested in criminal law, this course will provide you with a useful insight into fraud and fraud detection.

Modules

Module 01: Introduction
Module 02: Predicting Rare Events
Module 03: Detecting Fraud
Module 04: Challenges Relating to Data Analysis for Auditors
Module 05: Credit Card Fraud Detection