Fraud Awareness and Prevention Training
This Fraud Prevention and Awareness Training Course covers what can be done to protect the workplace from fraud. Whether it is protecting an individual or the business as a whole, preventing fraudulent activity is vital for the ongoing success of any organisation.
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In 2018 alone, criminals successfully stole around £1.2 billion from UK businesses.
- Business Compliance
- 40 languages
- 30m
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Multiple use from as little as £5.00 pp
Single use £27.50 +VAT
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- Multiple users across this or any of our other courses
- Designated Account Manager and full phone/email support
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- Single user on this course
- 60 days’ unrestricted use
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Learning outcomes
- Understand and work towards compliance with the Fraud Act 2006
- Learn what you can do as both an employer and employee to prevent fraud
- Know how to report fraud in the right way and understand the need for a Fraud Policy
Covered in this course
Course contents
This training course is broken down into 5 sections
- 1What is Fraud?
- 2Detecting Fraud
- 3Preventing Fraud
- 4External Fraud
- 5Reporting Fraud
Section 1
Fraud is a criminal offence. It’s ‘wrongful or criminal deception intended to result in financial or personal gain’. It’s a type of theft which usually involves lies or confidence tricks to encourage someone to freely part with their money or goods through scams; or involves a breach of trust, such as misusing company assets. In this section, we give you an introduction to the basics of fraud, cover The Fraud Act and provide example scenarios.
Section 2
Most fraud is discovered by tip-off or by accident. And it’s the employees who are the eyes and ears of an organisation. So, this is where YOU come in, as a valued employee of your organisation – you know what’s normal, how things are done and what looks right, and so you are the most likely person to spot what doesn’t look right! And, you know when people are acting oddly or out-of-character. It’s not about spying! Simply about being aware.
Section 3
Everyone should know what they are responsible for and know what this means. This creates accountability and can go a long way in preventing fraudulent activity. It’s good practice for organisations to have controls in place which make it very difficult for fraud to take place or to go undetected. In this section we look at 5 common principles of internal control.
Section 4
You must make sure you use any software protection provided for you, such as a firewall, virus-checking software, anti-malware and anti-spyware software; and it must be up-to-date. It’s the basis of keeping your data safe – it’s one of your organisation’s main defences against criminals aiming to gain sensitive or personal data, which they can then use in fraudulent activities.
Section 5
It’s good practice for organisations to have a written Fraud Policy stating a zero-tolerance to fraud, explaining what constitutes fraud and the consequences if an employee commits a fraudulent act. It may explain your organisation’s procedure for dealing with a case of fraud, which could involve an internal investigation, getting advice from fraud advisors, or reporting it as a crime.
About this course
Fraud can make an individual or group feel unsafe or as if their privacy has been violated. Action Fraud reported in September 2017 that around 272,980 fraud offences (in the UK alone) had been carried out in the previous 12 months.
According to the Fraud Act 2006, there are 3 types of fraud;
- Fraud by false representation
- Fraud by failing to disclose information
- Fraud by abuse of position
Preventing fraud, while increasing awareness of the topic within your business, can prevent monetary loses (sometimes major ones) as well as prevent delicate and private information being shared and distributed. This online training will provide you with knowledge on what the signs of fraudulent activity are, what to do if you encounter fraud and how to raise awareness of fraud. There may not be a strict set of rules to follow that will guarantee you or your business do not encounter fraud, but this course will equip you on how best to manage the situation and avoid being a victim of fraud.
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