Fraud Prevention refers to the strategies and measures implemented to detect, deter, and reduce fraudulent activities. It involves identifying potential risks and vulnerabilities where fraud could occur and establishing safeguards to protect against them. This includes the use of technology, such as software and analytics, to monitor transactions and detect anomalies, as well as employee training and awareness programs to recognize fraudulent behavior. The goal of fraud prevention is to minimize financial losses and protect the integrity of an organization’s operations, ensuring trust and security in its transactions and processes.
As the world's largest performing arts festival approaches, businesses in Edinburgh are being urged to stay alert and protect themselves against fraudsters during the busy Fringe season. The Cyber and…