Essential Industry Terms Explained

Explore how FinCEN regulations help financial institutions combat money laundering, boost transparency, and ensure compliance—plus key stats, challenges, and practical tips for staying compliant.

Discover the essentials of Financial AI Ethics—fairness, transparency, and accountability—plus real-world use cases and statistics, to help you build trust and navigate ethical AI in finance.

Discover how the Financial Action Task Force (FATF) sets global standards to fight money laundering and terrorist financing, and learn about its impact, challenges, and key statistics worldwide.

Financial Crime is a category of crime that is performed against property, comprising of the illegal conversion of the property rights to the personal use and benefits of the fraudster. Financial...

Discover how fingerprint recognition works, its security benefits, and real-world uses—from unlocking devices to fraud prevention—in this easy guide to one of today’s most popular biometric technologies.

Discover how fintech fraud evolves, common tactics used by scammers, key statistics, and practical strategies to help protect businesses and consumers in the digital finance world.

Discover how firewalls protect your network from threats, improve security, and support fraud prevention. Learn about types, benefits, challenges, and the latest trends in this essential guide.

Discover how Flash Fraud uses rapid, high-volume attacks to bypass security, and learn key strategies for detection, prevention, and protection across industries in this essential guide.

Discover how flash loan attacks exploit vulnerabilities in DeFi platforms, their impact, recent stats, and key strategies to protect your assets. Learn how to safeguard against these evolving threats.

Food fraud is the activity of changing, perverting, mislabeling, replacing or interfering with any food product at any theme alongside the farm–to–table food supply–chain. The fraud may appear within...

Discover how the Foreign Account Tax Compliance Act (FATCA) works, its global impact, compliance challenges, and key use cases for financial institutions and U.S. taxpayers in our comprehensive guide!

Discover how forensic accounting uncovers fraud and protects financial integrity. Learn about key techniques, industry applications, career paths, and the growing demand for forensic accountants.

Discover how forged signatures threaten legal and financial security, ways to detect them, recent trends, and how AI-powered solutions like FraudNet help protect against signature-related fraud.

Curious about psychic scams? Learn how fortune teller frauds work, who’s at risk, and how to protect yourself from psychological and financial tricks in our in-depth guide to Fortune Teller Scams.

Discover how Framl blends futures and forwards for smarter risk management, fraud detection, and AML, plus recent stats and practical use cases for compliance professionals and financial institutions.

Fraud can be described as a consciously dishonest and/or illegal act done generally for personal gain, or to afflict another. Fraud can violate civil law, and cause the loss of cash, property, or...

Fraud is defined generally as the wrongful or criminal act to deceive someone for one's own financial or personal gain. Legal definitions of fraud vary across countries, at the federal and state...

Discover the vital role of Fraud Analysts—how they detect, investigate, and prevent fraud using data analysis and technology to protect organizations from financial crime.

Discover how fraud consortiums unite organizations to share data, enhance fraud detection, and strengthen defenses against evolving threats through collaboration and advanced technology.

Discover how Fraud Departments protect organizations by detecting, investigating, and preventing scams—ensuring compliance, security, and trust in today’s evolving digital landscape.

Fraud detection is a set of activities undertaken to prevent money or property from being obtained through false pretenses. Fraud detection is applied to many industries such as banking or insurance....

Discover the vital role of Fraud Examiners in detecting, investigating, and preventing financial fraud to protect organizations and ensure trust in today’s evolving financial landscape.

Losses to online payment fraud are continually increasing, expected to grow from 41 billion US to 48 Billion USD in 2023 and increase by 131% over the next five years. With smart devices becoming...

Fraud Guidelines are the practical guidelines put in place to help prevent, detect, and investigate any type of fraud that may occur within a business's dealings.

Fraud jobs are the category of jobs that work in the fraud field, such as a fraud specialist, forensic accountant, forensic audit manager, forensic director, senior auditor, risk assurance and risk...

Discover the vital role of fraud lawyers, their key skills, and how they protect clients and uphold justice in complex fraud cases. Learn recent stats and get answers to common fraud law questions.

Discover how Fraud Managed Services use advanced analytics and real-time monitoring to help businesses detect, prevent, and respond to fraud, ensuring stronger security and peace of mind.

Discover essential strategies and tools for effective fraud prevention. Learn how organizations detect, deter, and manage fraud to protect assets and stay ahead of evolving threats.

Discover how fraud prevention software uses AI, machine learning, and real-time analytics to detect and stop fraud, protect businesses, and ensure secure online transactions across industries.

Discover the vital role of Fraud Prevention Specialists—how they detect, prevent, and educate on fraud, protect businesses, and stay ahead of evolving threats. Learn key skills, use cases, and career insights!

Discover what a Fraud Response Plan is, why it’s essential, and how organizations can detect, investigate, and address fraud effectively with practical steps, use cases, and key industry stats.

Discover how organized fraud rings operate, their sophisticated tactics, and how you can identify and protect against them in today’s digital world. Learn key stats, use cases, and prevention tips.

Discover how Fraud Risk Assessment helps organizations identify, evaluate, and mitigate fraud risks—protecting assets, ensuring compliance, and building a secure, trustworthy environment.

Discover how Fraud Risk Profiles help organizations identify, assess, and prevent potential fraud—protecting assets, ensuring compliance, and strengthening trust. Learn key strategies and real-world use cases!

Discover how modern fraud schemes operate, their impact, and key prevention strategies. Learn essential tips to protect yourself and your business from evolving scams and financial threats.

Discover how Fraud Scores help businesses detect and prevent fraud by analyzing transaction patterns and user behavior with advanced AI, ensuring security and trust in financial operations.

Discover how fraud screening uses data, AI, and alerts to protect businesses and customers from financial and identity fraud. Learn key use cases, stats, and expert tips for effective prevention.

Discover how fraud statistics help organizations detect, prevent, and respond to scams. Learn key metrics, real-world trends, and how businesses use data to strengthen fraud prevention.

The Fraud Triangle is a simple framework that is useful to understand a worker's decision to commit workplace or occupational fraud. The fraud triangle consists of three components (sides) which,...

Discover what "Fraud Upon The Court" means, its impact on legal proceedings, real-world examples, recent stats, and how businesses can detect and prevent this serious ethical violation.

Discover the key differences between fraud and forgery, their methods, legal impacts, and how to protect yourself. Learn how advanced tools help detect and prevent these threats in today's digital world.

Discover the impact of fraud, waste, and abuse on organizations, explore real-world examples, and learn how to prevent FWA to protect resources, boost efficiency, and maintain trust.

Discover how Fraud, Waste, and Abuse Training empowers employees to spot and prevent unethical practices, protect assets, and strengthen organizational integrity for long-term success.

Fraud Waste and Abuse Policy is the set of policies that a business or organization likely have in place so that if fraud or waste occurs within that entity, it has a set of procedures in place to...

What is Fraud vs. Abuse? Fraud and abuse are related concepts often used in the context of unethical or illegal activities, but they have distinct meanings. Fraud: Fraud involves intentional...

Understanding Fraud and Theft: Key Differences, Types, and Preventive Solutions Fraud and theft are both deceptive practices that involve unlawfully acquiring someone else's assets, but they differ...

Discover how to spot and avoid fraudulent apps, protect your data, and stay safe with tips, stats, and expert guidance on the latest app threats—plus how FraudNet can help.

Discover what friendly fraud is, its impact on merchants, and how to prevent it. Learn key stats, real-world examples, and practical tips to protect your business in today’s digital landscape.

What are Front Companies? Front companies are businesses that are created with the primary intention of concealing or disguising the true ownership, purpose, or activities of the individuals or...

What is Fullz? "Fullz" is fraudster slang for an information package containing a person’s real name, address, and form of ID,  or their "full information." Fullz can be considered a component of 3rd...

Gaming is defined as the act of playing electronic games, whether by the use of consoles, PCs, cell phones or other intermediate tools. Although gaming is usually an introverted recreation,...

Discover how gaming fraud threatens fair play, impacts players and developers, and learn about the latest fraud trends, prevention tips, and solutions to keep your gaming experience safe and enjoyable.

Learn about the GDPR—Europe’s key data protection law, its main principles, business impact, real-world use cases, recent enforcement stats, and how to ensure compliance in today’s digital landscape.

Discover what geo-spoofing is, how it works, its benefits, risks, and legal concerns. Learn how it impacts privacy, access, and fraud—and explore effective detection solutions.

Discover how geo-velocity fraud detection analyzes location changes to spot suspicious activity, enhance security, and protect your business from fraud—while keeping user experience in mind.

Discover how Geographical IP Detectors work, their role in security, content personalization, and privacy, plus recent trends and practical use cases to help protect your business online.

Discover how geolocation detection works, its role in fraud prevention, security, and compliance, plus key statistics and privacy considerations in this essential guide for businesses and users alike.

Discover what Ghost Card Fraud is, how it works, real-world examples, key statistics, and practical tips to protect yourself and your business in this comprehensive, easy-to-understand guide.

Discover what ghost employees are, how they impact businesses, and how to prevent payroll fraud. Learn detection tips, real-world examples, and the latest stats in our comprehensive guide.

Discover how ghost employee fraud impacts organizations, key warning signs, real-world examples, and effective strategies to detect and prevent payroll scams in your business or institution.

Discover how Ghost Terminal streamlines remote server management with multi-session handling, real-time monitoring, and seamless command execution—perfect for IT admins, compliance, and security teams.

Discover what Ghost Vendor Fraud is, how it impacts businesses, ways to detect and prevent it, plus recent stats and real-world examples—all in this essential guide for protecting your company.

Learn how to spot, prevent, and report gift card scammer numbers. Discover key tactics scammers use, red flags to watch for, and tips to protect yourself from gift card fraud in our latest guide.

Discover how Global Address Verification Directories help businesses maintain accurate addresses, improve delivery, prevent fraud, and boost compliance worldwide. Explore their benefits and key use cases!

The word government refers to a group of people that governs a community or unit. A government sets and administers public policy and exercises executive, political and sovereign power through...

Discover how government benefit fraud impacts society, recent statistics, common schemes, and effective prevention strategies in this comprehensive, easy-to-understand guide.

Discover what government fraud is, its impact, common types, and how it’s detected and prevented. Learn about real-world cases, statistics, and advanced tools to safeguard public funds.

Discover how government procurement fraud undermines fair competition, inflates costs, and what measures can help detect and prevent it. Learn key types, impacts, and solutions in this concise guide.

Discover how GPS spoofers can manipulate location data, their uses in security testing and fraud, recent stats, risks, and tips on detection and prevention in our comprehensive guide.

In a typical grandparent scam, a con artist calls or emails the victim posing as a relative in distress or someone claiming to represent the relative (such as a lawyer or law enforcement agent). The...

In a computer system, hacking generally refers to any unauthorized intrusion into a computer or network. The person engaged in hacking activities is known as a hacker. A hacker may alter system or...

Discover how hacktivist fraud blends hacking with activism, its tactics, impacts, and ways organizations can protect themselves in today’s evolving cyber threat landscape.

Discover how hash functions secure data, prevent fraud, and power technologies like password storage and digital signatures. Learn their uses, challenges, and latest trends in this easy guide!

Explore how healthcare fraud impacts the industry, common fraud schemes, recent stats, prevention strategies, and how advanced tech like FraudNet can help protect organizations and patients.

A high-risk industry describes when a type of business proves to have higher rates of failure than others. If businesses in a certain sector, like beer production, have higher rates of failure over...

Discover what high-risk jurisdictions are, why they matter for financial compliance, and how businesses can manage risks and protect themselves from financial crime in global markets.

Curious about high-risk merchants? Learn what makes a business high-risk, the challenges they face, and smart strategies for fraud prevention and payment processing in this essential guide.

Discover how honeypots—decoy systems that attract cyber attackers—help detect threats, protect real assets, and advance cybersecurity research. Learn their use cases, benefits, and key statistics.

Discover how honeypots—decoy systems used to lure cyber attackers—help organizations detect threats, prevent fraud, and strengthen cybersecurity with real-world use cases and expert insights.

Discover how Hong Kong’s AML/CTF Ordinance strengthens financial security with robust compliance, due diligence, and transaction monitoring—protecting businesses and reinforcing global trust.

Hospitality is a term used to describe how well a certain location or entity accommodates somebody. If a person is well accommodated for when they visit somewhere, it would likely be said that that...

Discover how Host Card Emulation (HCE) empowers secure, cardless mobile payments and access control, its key benefits, latest trends, and how to protect your business from emerging security risks.

Discover how Hybrid Detection Systems combine signature and anomaly-based methods to boost threat detection, reduce false positives, and enhance security for businesses in today’s digital landscape.

Discover how the I2P Anonymous Proxy enhances online privacy, secures communications, and its key use cases—plus tips for compliance and risk management in today’s digital landscape.

Discover how ID spoofing threatens financial transactions, the tactics used by fraudsters, and proactive steps institutions and individuals can take to protect against identity-based financial fraud.

An Internet Protocol address (IP address) is a rational numeric address that is assigned to each computer, printer, or some other device that is considered to be a part of a TCP/IP-based network. An...

Discover how fraudsters manipulate IP addresses to bypass security, commit cybercrimes, and how your business can detect and prevent IP address fraud. Learn key stats, real use cases, and expert tips.

Discover how IT Risk Management protects your data and business from cyber threats, breaches, and compliance issues. Learn key strategies, use cases, and the latest industry stats in our guide.

Identification is the process by which something denotes another object as being a part of a certain category. A human could simply be identified as a human, or could be identified as their role or...