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Koyal Group Training Services: Taking Charge: Be aware, be alert, don’t get scammed

Koyal Group Training Services: Taking Charge: Be aware, be alert, don’t get scammed | Koyal Group Training Services | Scoop.it

Q: I am a widow who lives in Westerly. Recently, I received a call from someone who claimed to be from Social Security. The caller claimed that Social Security was updating its records and needed to verify...

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Q: I am a widow who lives in Westerly. Recently, I received a call from someone who claimed to be from Social Security. The caller claimed that Social Security was updating its records and needed to verify my Social Security number. Without thinking, I gave the caller my information. Almost immediately, I realized that I had made a mistake, but the caller had already hung up. A few of my neighbors have received similar calls. I’m sure that I have been scammed. What do I do now?

 

A: It’s not uncommon for scam artists to make calls claiming to be government officials. Many times, they catch victims off-guard and obtain valuable personal information that can be used to access bank accounts or credit cards, apply for loans, or even file fraudulent disability claims.

 

To protect your financial accounts, identity and credit records, you should notify your bank and credit card companies immediately. It’s probably a good idea to cancel your credit card account and get new cards.

 

Closely monitor your monthly credit card statement. If you notice any unusual activity on your credit card statement, call the three major credit rating services to file a report. The companies include Equifax (fraud hotline: 888-766-0008), Experian (fraud hotline: 888-397-3742), and TransUnion (fraud hotline: 800-680-7289).

 

Call your bank and change your account numbers. Monitor your Medicare Summary Notice (a summary of all Medicare claims and payments made using your Medicare number) for any unusual activity, such as billing for medical services that you did not receive, or durable medical equipment that you did not order. Notify the Social Security Administration (800-772-1213) and also file a report with your local police department and the Consumer Affairs Unit of the Rhode Island Attorney General’s Office at (401) 274-4400.

 

Read full article:

http://www.providencejournal.com/features/lifestyle/taking-charge/20140331-taking-charge-be-aware-be-alert-dont-get-scammed.ece

 

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https://www.pinterest.com/skyeschmeitz/koyal-private-training-group/

 

 

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Big risks and big data: Koyal Group Training Services

Big risks and big data: Koyal Group Training Services | Koyal Group Training Services | Scoop.it

Imagine now, that ocean as the vast body of data and information that flows through the average company in a given year. Sales, collections, purchases, payments, transactions, communications, e-mails,

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Article Source:

http://www.allvoices.com/contributed-news/16835249-koyal-group-training-services-big-risks-and-big-data

 

Imagine now, that ocean as the vast body of data and information that flows through the average company in a given year. Sales, collections, purchases, payments, transactions, communications, e-mails, invoices, reports, spreadsheets, and more -- and you’re trying to fish for information to protect your company from significant risks such as fraud and misconduct. One of the skills and equipment in this case will be forensic data analytics (FDA) to net you the right results -- to catch those big and small fishes among corporate fraudsters.

 

Ernst & Young released in February this year a report titled, “Big risks require big data thinking: Global forensic data analytics survey 2014.” The survey revealed interesting information and insights on the benefits, challenges and lessons learned by companies across different countries and industries in their use of FDA. It reported that companies -- especially those looking to grow in markets where the perceived incidences of fraud, bribery and corruption are high -- consider the increasing regulatory compliance requirements and aggressive enforcement trends by regulators as major factors in the design and use of FDA to mine their “big data.”

 

Big data is defined as high-volume, high-velocity and high-variety information assets that demand cost-effective, innovative forms of information processing for enhanced insight and decision-making. FDA allows companies to collect and use information culled from their data to identify and investigate aberrations, such as improper payments, anomalous patterns of behavior and trends, or suspicious transactions, to better prevent fraud, corruption and bribery.

 

The interesting thing to note, however, is that while 72% of the 450 executives interviewed for the survey believe that emerging big data technologies can play a key role in fraud prevention and detection, only 7% know of specific big data technologies available, such as model-based mining and visual analytic tools. Worse, only 2% of respondents actually use big data processing capabilities in their internal FDA systems. This implies that most business leaders know they need to better manage their big data, but don’t really know how to go about it.

 

MAXIMIZING FDA

FDA enhances the risk assessment process because it allows for better comparison of data to improve fraud-risk decision-making, while also improving audit planning or investigative fieldwork. By sifting through data thoroughly, FDA can help identify potential misconduct that a less sophisticated system might have missed.

 

Of those surveyed, 82% also believe that FDA allows for earlier detection of misconduct -- a significant benefit considering that, in over 1,300 incidents of fraud, it took a median of 18 months to detect them (from the latest Association of Certified Fraud Examiners Report to the Nations on Occupational Fraud and Abuse).

 

Modern FDA systems also allow the analysis of non-traditional or unstructured data formats in addition to structured data formats. Text mining, for example, uses new data sources such as social media, free-text fields of accounts journals, and others.

 

Read full Content:

http://www.bworldonline.com/content.php?section=Economy&title=Big-risks-and-big-data&id=85749

 

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http://koyaltraininggroup.org/

http://koyaltraininggroup.blogspot.nl/

 

 

 

 

 

 

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Koyal Group Training Services: 2018 Fraud Detection and Prevention Market Forecasts & Opportunities

Koyal Group Training Services: 2018 Fraud Detection and Prevention Market Forecasts & Opportunities | Koyal Group Training Services | Scoop.it

Research and Markets has announced the addition of the "Fraud Detection and Prevention Market Forecasts& Opportunities, 2018" report to its offerings. In a release, Research and Markets noted that report highlights include:. High growth rate in SMEs will drive the growth rates in region Asia-Pacific followed by Latin America.

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Research and Markets has announced the addition of the "Fraud Detection and Prevention Market Forecasts& Opportunities, 2018" report to its offerings. In a release, Research and Markets noted that report highlights include:. High growth rate in SMEs will drive the growth rates in region Asia-Pacific followed by Latin America.

 

Research and Markets has announced the addition of the "Fraud Detection and Prevention Market Forecasts & Opportunities, 2018" report to its offerings.

 

In a release, Research and Markets noted that report highlights include:

 

With rising revenue losses because of the frauds across the globe adoption of fraud detection and prevention solutions in enterprises is also increasing. Requirement of such solutions is significantly high in industries which involve monetary transactions such as banking and financial services, insurance, retail, telecommunication, and public or government sector. Increase in adoption can be observed in other industries as well such as manufacturing, transportation, healthcare, professional services among others. In 2013, banking and financial services sector accounts for the largest share in fraud detection and prevention market. In 2018, it is estimated to be the largest revenue generating industry vertical but the insurance, retail, and telecommunication sector would be rising at higher Y-o-Y growth rates.

 

Rise in online transactions frauds, cards related frauds and insurance claim frauds are the prime factors which are driving growth rates in banking and financial services, insurance, and retail sectors. As per the study, authentication would remain major revenue generating pocket but fraud analytics would be rising at higher growth rate. High growth rate in SMEs will drive the growth rates in region Asia-Pacific followed by Latin America.

 

Major challenges in this market include low awareness level of fraud possibilities in SMEs, high costs of deployments, and unavailability of pre deployment measures of performance. Though awareness level in SMEs is increasing and the impact of this factor will decrease in due course of time but the cost and pre deployment measures would remain primary concern in the market.

 

For the market sizing and forecasting, several assumptions have been taken into consideration such as economic, regulatory, and technological. For instance, exchange rates, one of the economic factors, are expected to have a moderate rating of impact on this market. Therefore, dollar fluctuations are expected to not seriously affect the forecasts in the emerging APAC regions.

 

Article Source:

http://insurancenewsnet.com/oarticle/2014/03/30/research-and-markets-adds-report-fraud-detection-and-prevention-market-forecast-a-482244.html#.U0Hg0j90aNE

 

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