Define the Terms Fraud Prevention, Fraud Deterrence, and Fraud Detection

question 63

Essay

Define the terms fraud prevention, fraud deterrence, and fraud detection and identify issues of timing.

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Definitions:

Sequential

Pertaining to a process or series of events that follow a specific order, one after the other.

Incremental

Relating to or denoting an increase or addition, especially one of a series on a fixed scale or in discrete units.

Pushbutton

A simple switch mechanism for controlling some aspect of a machine or a process, often used to start or stop functions.

Counter

In digital logic and computing, a counter is a device that stores and displays the number of times a particular event or process has occurred, often used for tracking repetitions in a circuit or program.