Every nation has its own set of
cyber laws and special task forces to combat the effects of money fraud in the
cyber world. They have been effective tools of internet scam prevention. They
employ the following measures to tackle money fraud.
- Employing a team of experts from forensic sciences who can discern counterfeit money and track them to criminals
- Experts in psychology and criminology. Even difficult cases have been solved by predicting behaviors of criminals by psychologists
- Software experts form the heart of anti-fraud operations. Money fraud in cyber space can be conceived and conspired only by experts who know the online money market inside out. In cases of identity fraud, scammers hack the systems of the victims for obtaining vital information. In such cases ethical hackers from cardinal part of the rescue team
- Banking experts. Needless to mention, most cases of money fraud involve bank accounts of the affected people. To understand and investigate into banking frauds, veterans who master the functions and operations of a bank also help a lot
Forming an effective team from
the above pool, the fraud investigation agencies boot strap in bringing the
nexus of scammers to an end.
- Anti-Fraud Hotline
Committed to give operators of
money fraud a tough time, the project is a combined effort of the US Agency for
International Development and the Transparency International Pakistan. The
chief objective is keeping a check on irregularities, if any in the usage of
grants accorded by the former to the latter. The US aids and funds many
international projects of developing countries. Anti-Fraud Hotline is an
efficient and result oriented online platform which is open to all to reported
instances of money fraud with regards to any projects of the USAID. Under the
particular grant to Pakistan, the USAID visions to see a peaceful and quality
life for the civilians of the country. The projects funded involve energy,
economy, health and the education areas.
The Anti-Fraud Hotline keeps a
strict vigil over the operations in Pakistan and blacklists any companies who have
intentions of embezzlement of money. It holds different workshops for creating
awareness on instances of money fraud and proactive measures to counter fraud.
The money fraud awareness seminars and presentations are available in
downloadable formats on the website which gives useful insights into money
fraud and its prevention.
- National Fraud Authority
Headquartered in the United
Kingdom, the National Fraud Authority holds the national e-confidence campaign
for increasing awareness on money fraud. Fighting Fraud Together is a dedicated
initiative which is committed to fighting frauds across all economic sectors. The
team analyses all threats that exist to take internet users for a ride. Some of
the organizations who work in partnership include the City of London Police,
National Fraud Intelligence Bureau, Financial Fraud Action UK, Serious Fraud
Office and the Department of Work and Pensions, to include a few. The key stake
holders are responsible for outlining, planning and implementing anti-fraud
strategies that put an end to money fraud.
