Business Assurance Framework Management:: Manage Fraud Management Framework

Manage a Fraud Management Framework process ensure real-time screening of transaction activity across users, accounts, processes and channels, to identify and prevent internal and external fraud in an organization.  The objective of the Fraud  in general is to detect fraud risks, activities, and other violations, as well as to detect and prevent the re-surfacing of known fraudulent activities, individuals, and syndicates.  <br/>Fraud  is chartered within an operator to conduct 2 primary functions within the operator’s business model:  Create and maintain a fraud policy (enabling methods, activities, and other procedures to detect,  prevent, and manage discovered fraud instances within the operator), and support of fraud operations (creation and  of rules, lists, tools/solutions used for detections, staff education, etc.).  <br/>The objective of the Fraud  in general is to detect fraud risks, activities, and other violations, as well as to detect and prevent the re-surfacing of known fraudulent activities, individuals, and syndicates.  Proactive detection processes are preferable to reactive mitigation and  of existing fraud, hence the importance of policy and support functions to provide tools to operational components in the enterprise to prevent fraud before it becomes harmful to the business. Inevitably, reactive processes must also be supported, as fraud tactics are in a continual state of change, posing a constant threat to operators.<br/><br/>This process was renamed in 24.0 Old process name Fraud Management<br/>