Fraud Detection
About Fraud Detection
By performing a real-time, near-real-time, or batch analysis of user and other defined entity activity, fraud detection safeguards customer and enterprise information, assets, accounts, and transactions (such as kiosks).
Data analysis-based approaches are typically used in fraud detection. These methods may be generally divided into two categories: statistical data analysis methods and artificial intelligence or AI-based methods.
Fraud detection has gained immense popularity across the globe resulting in huge demand for certified professionals.
Why is Fraud Detection important?
Fraud detection stops corrupt people from conducting fictitious financial or other activities. It is a crucial component in monitoring fraud.
You can prevent thieves from taking personal data or loyalty points linked to your customers' accounts. Consequently, you give your customers a better experience.
Fraud detection certified professionals, executives and managers are in high demand in companies across the globe.
Who should take the Fraud Detection Exam?
- Finance and Accounting managers, senior executives, executives
- Compliance officers
- Risk managers
- Fraud managers
- Board members
- Those who want to learn about fraud detection
Knowledge and Skills required for the Fraud Detection
Candidates gain quick success in career of fraud detection if they have skills of critical thinking and good communication skills.
Fraud Detection Practice Exam Objectives
Fraud Detection exam focuses on assessing your skills and knowledge in finance and fraud management.
Fraud Detection Practice Exam Pre-requisite
There are no prerequisites for the Fraud Detection exam. Candidates who are well versed in finance and fraud management can easily clear the exam.
Fraud Detection Certification Course Outline
- Introduction to Fraud Management
- Establishing a Fraud Prevention Program
- Types of Fraud and Prevention Strategies
- Operating a Fraud Prevention Program
- Maintaining a Compliant Fraud Prevention Program
- Define fraud and recognize its red flags
- Understand common fraud typologies
- Identify your exposure to fraud typologies via a risk-based assessment
- Implement controls to prevent fraud
Exam Format and Information
Certification name – Certificate in Fraud Detection
Exam duration – 60 minutes
Exam type - Multiple Choice Questions
Eligibility / pre-requisite - None
Exam language - English
Exam format - Online
Passing score - 25
Exam Fees - INR 1199