Provide an example of each of the following:
- Proactive fraud detection
- Inductive fraud detection
- Deductive fraud detection
proactive fraud detection :
Taking steps to stop fraud from occurring to begin with. Examples would include setting up an effective control environment that would be a preventive against fraud. Security cameras, segregation of duties, having the person counting the cash be different ...
This solution provides an example of proactive fraud detection, inductive fraud detection, and deductive fraud detection.