Detection and Prevention of Fraud in the Digital Era

Abstract

It is essential for businesses to keep up with the technological advances. Today nearly all the businesses depend on computer technologies and the Internet to operate as technological developments have introduced many practical methods for businesses. Yet, transformation of businesses technologically also presents new means for the criminals, which has led to new types of fraud. It is crucial for businesses to take measures to prevent fraud. Traditional methods to prevent or to detect fraud seems to be ineffective for new types of fraud in the digital era. Therefore, new methods have been used to prevent and detect fraud. This chapter reviews fraud as a form of cybercrime in the digital era and aims to introduce the methods that have been used to detect and prevent it.