Fraud prevention is the strategic implementation for detection of fraudulent transactions or actions and prevents these actions from resulting financial and reputational damage to the organization. Fraud prevention helps companies and financial institutions protect them and their customers from frauds.

Why should I take Vskills Fraud Prevention Certification?

Due to increased adoption of digital technologies, fraud attacks have increased many folds for companies. Fraud prevention is crucial to companies in not only preventing frauds but also for statutory compliance.

Companies especially in financial sector are increasingly looking for fraud prevention professionals to address the ever growing fraud related challenges.

Vskills Certificate in Fraud Prevention provides a hands-on approach to understand the nuances of fraud basics as well as understand fraud prevention related terminologies, tools and techniques which are helpful to design, build, and manage fraud prevention systems.
The certification attests to your understanding and application of skills and knowledge in fraud prevention. It also helps you to stand out amongst your peers.

The certification covers

Fraud Basics
MS-Excel for Fraud Prevention
Internal Controls
Standards and Compliances

How will I benefit from taking Fraud Prevention certification?

Fraud prevention certification is being increasingly taken by a large number of working professionals in banking and finance field. Also, students desirous of entering banking and finance sector, find this certification as a useful addition to their CV.

Companies that hire Vskills Fraud Prevention Certified Professionals

Executives, managers and professionals working in fraud prevention, financial institutions and banks benefit immensely by opting for Vskills fraud prevention certification to gain an edge in the fraud prevention and be noticeable amongst their colleagues as well as make progress in their respective careers. Students taking the certification also gain by showcasing their understanding of fraud prevention and are able to increase their job opportunities.

Fraud Prevention Jobs

Checkout the various job openings for Fraud Prevention, click here..

Fraud Prevention Internships

Vskills runs its flagship internship programme where bright interns work with academic council, click to know more details..

Apply for Fraud Prevention Certification

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TABLE OF CONTENT

Fraud Basics

What is Fraud?
What Constitutes Fraud?
Why Do People Commit Fraud and What is Fraud Triangle?
Categories of Fraud
Types of Fraud
Occupational Fraud
Profile of the Typical Fraudster

Why Commit Fraud?

The Fraud Triangle
The Element of Pressure
The Element of Opportunity
The Element of Rationalization
Characteristics of Fraud Perpetrators
Fraudsters’ Common Behavioral Red Flags

Fraud Schemes

First Party Fraud
Second-Party Fraud
Third-Party Fraud
Detecting Single, Second or Third Party Fraud
Common Fraud Schemes

Red Flags

What is a Red Flag?
Significance of Red Flags
Common Red Flags
Identifying Opportunities for Fraud
Telltale Signs of Fraudsters

Fraud Risk Management

Risk Basics
Risk Management and Financial Ratios
Sources of Risk
Risk Identification
Analyze the Risk
Risk Assessment
Risk Measurement
Risk Handling Methods

Fraud Detection

Recognizing the Symptoms of Fraud
Accounting Anomalies
Internal Control
Analytical Fraud Symptoms
Extravagant Lifestyles
Unusual Behaviors
Tips and Complaints
Fraud Detection Techniques
Data Analysis and Fraud Detection
Data Analysis Techniques for Fraud Detection
Industry-Specific Fraud Detection
Applying Benford's Law
Using Z‐SCORE
Using Correlation

Fraud Prevention

Creating a Culture of Honesty, Openness, and Assistance
Eliminating Opportunities for Fraud to Occur

Fraud Monitoring and Investigation

Fraud Monitoring
Fraud Monitoring Tools Working
Risk-Based Monitoring
The Fraud Investigation Process
Successfully Investigating Fraud

MS-Excel for Fraud Prevention

MS-Excel Basics
MS-Excel Window Elements
Sort and Filter
Charts
Excel Formulas
Excel Functions
Logical Functions
Date and Time Functions
Lookup and Reference functions

Internal Controls

Internal Control Basics
Internal Control Types
Common Internal Control Procedures
COSO Framework
Internal Controls Policy and Procedures

Standards and Compliances

Compliance Basics
Standards Basics
Forensic Accounting and Investigation Standards (FAIS)

New Age Technologies

Artificial Intelligence (AI) and Fraud Prevention
Machine Learning (ML) and Fraud Prevention
Blockchain and Fraud Prevention
Blockchain Forensics and Cryptocurrency Forensics

Certificate in Fraud Prevention

How It Works

Test Details

Benefits of Certification

Why should I take Vskills Fraud Prevention Certification?

How will I benefit from taking Fraud Prevention certification?

Fraud Prevention Table of Contents

Fraud Prevention Practice Questions

Fraud Prevention Tutorials

Fraud Prevention Interview Questions

Companies that hire Vskills Fraud Prevention Certified Professionals

Apply for Fraud Prevention Certification

TABLE OF CONTENT

Fraud Basics

Why Commit Fraud?

Fraud Schemes

Red Flags

Fraud Risk Management

Fraud Detection

Fraud Prevention

Fraud Monitoring and Investigation

MS-Excel for Fraud Prevention

Internal Controls

Standards and Compliances

New Age Technologies