Protect yourself from fraud - Victim Support (2024)

FAQs

How can you protect yourself from being a victim of fraud? ›

Take Five is a national campaign that offers straight-forward and impartial advice to help everyone protect themselves from preventable financial fraud. This includes email deception and phone-based scams as well as online fraud - particularly where criminals impersonate trusted organisations.

Go to www.ftc.gov/idtheft or call 877-438-4338 or TDD (202) 326-2502 to file a report with the Federal Trade Commission (FTC). Print out or request an Identity Theft Affidavit. Complete it and save it somewhere safe in your home.

The first line of defense lies with the business and process owners. Operational management is responsible for maintaining effective internal controls and for executing risk and control procedures on a day-to-day basis. This consists of identifying and assessing controls and mitigating risks.

Lack of dishonesty

The most common defence to the charge of fraud is the absence of dishonesty. You can argue that while you did perform the act, you did not do so dishonestly. Here are some examples: You are charged with false accounting, but the errors in the accounts were not intentional.

4 Rs—Four ways to protect your loved ones, yourself, and the Medicare and Medicaid Programs from fraud: (1) Record appointments and services, (2) Review services provided, (3) Report suspected fraud, and (4) Remember to protect personal information, like your Medicare, Medicaid, Social Security, credit card, and bank ...

This estimate is called the “10-80-10 Rule.” It states that just 10% of people would never commit fraud for any reason, another 10% of people are actively looking for opportunities to commit fraud, and the remaining 80% fall somewhere in between.

What are the three stages in stopping fraud? ›

Prevent, detect and respond: A three-step plan to protect your business from cybercrime. The Association of Certified Fraud Examiners (ACFE) estimates that organisations lose about five percent of their annual revenue to fraud.

Whenever it's possible, try and walk with someone else or a group of friends. You're less likely to be attacked or mugged if you're with other people. If you are walking alone, always be aware of what's going on around you. Stay in busy areas with plenty of street lights and always avoid alleys or shortcuts.

Take a Proactive Approach to Fraud Prevention

Conduct regular fraud risk assessments and implementing effective internal controls to help reduce fraud. Find out if your organisation's compliance program is in the line with worldwide Compliance, Business Ethics, Anti-Bribery and Anti-Corruption Frameworks.