Which Method of Proactive Fraud Detection Works Best in an E-Business

question 35

Multiple Choice

Which method of proactive fraud detection works best in an e-business environment?

• A) Understanding the business or operations of the organization
• B) Use databases and system logs to automatically search for symptoms of frauds likely to occur in a particular company.
• C) Physical examination of assets and records.
• D) Independent audits and checks on controls.

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Definitions:

Data Mining

The process of analyzing large sets of data to discover patterns, trends, and relationships that can inform decision making.

Privacy

The right of individuals to keep their personal information secure and free from unauthorized disclosure.

Confidentiality Agreement

A legal contract between at least two parties that outlines confidential material, knowledge, or information that the parties wish to share with each other for certain purposes but wish to restrict access to or by third parties.

Defense

The act of countering or arguing against something, especially in a legal context to protect against a claim or accusation.