glossary

Admissible evidence
- Evidence which can be used and referred to in Court

Artificial intelligence
- Use of automated methods to detect fraudulent transactions based on rules, trends and historical analysis

COBRA
- Computerised fraud risk analysis system.

Control Self-Assessment Technique
- A form of risk analysis in which owners of assets and processes are required to review controls and implement improvements

Data mining
- Database search technique whereby specified words or terms are located

Due diligence
- A vital control to confirm the background, intentions and reputations of individuals or organisations with whom a business relationship is planned

Electronic Data Interchange
- The electronic exchange of business documents, such as purchase orders and invoices, between organisations

Electronic Funds Transfer
- Automated payment systems used by banks, such as SWIFT or BACS

Electronic Interception
- Means of gaining information covertly by monitoring email systems, telephone conversations, and by intercepting traffic from fax machines, electronic data interchange and electronic funds transfer

Forensic
- Matters pertaining to the law, eg 'forensic accounting' relates to accounts prepared for litigation purposes

Hackers
- Those who try to unlawfully access computer networks

Neural Networks
- Systems which intelligently gather and collate specified data and which are based on the logical associations made by the human brain

Pretext Enquiries
- A legal method of investigation based on pretence, eg by masquerading as a headhunter an investigator may ascertain the loyalty and intentions of a key employee

Procurement Fraud
- Fraud occurring in purchasing, eg collusion between employers and suppliers to allow overcharging in return for a split of the profit.

Further Glossary
Maxima Group's also provide a comprehensive glossary of all corporate security related keywords and phrases. To download a copy of this glossary in PDF format, please click here.
(60KB WINZIP file containing PDF).