Fictitious Refunds
In a fictitious refund scheme, an employee processes a transaction as if a customer were returning merchandise, even though there is no actual return. Since the transaction is fictitious, no merchandise is actually returned. The result is that the company's inventory is overstated.
FIDO
Fast Identity Online is a set of open technical specifications for mechanisms of authenticating users to online services that do not depend on passwords. FIDO authentication seeks to use the native security capabilities of the user device to enable strong user authentication and reduce the reliance on passwords.
Financial Crime
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 crime may involve fraud types such as securities fraud, credit card fraud, bank fraud, and more.
Fingerprint Recognition
Fingerprint Recognition is one of the most popularly used biometrics, and so far it is considered the most secure authentication method. Fingerprint Recognition refers to the automatic process of identifying or approving the identity of a person built on the comparison of two fingerprints.
Fintech Fraud
Fintech fraud refers to any fraud that takes place that is related to fintech in some way. Fintech fraud scandals can involve peer-to-peer financing platforms as well as crowd funding platforms, and have served as stark reminders of the risks from the use of Fintech where the proper rules or regulations on transactions are not present.
Firewall
A firewall is a system designed to prevent unauthorized access to or from a private network. You can implement a firewall in either hardware or software form, or a combination of both. Firewalls prevent unauthorized internet users from accessing private networks connected to the internet, especially intranets.