Fraud Risk Toolkit

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Establish Fraud Risk: track and resolve findings at the assigned level of criticality in accordance with requirements set in the Vulnerability Management plan and NIST guidance on minimum Security Controls.

More Uses of the Fraud Risk Toolkit:

  • Confirm your business reports Fraud Risk profiles, analysis, and exposures to the leadership team on a regular basis.

  • Confirm your organization conducts transactional and financial audits to mitigate Fraud Risk and ensure compliance to corporate authority chart, established regulations, and Internal Controls.

  • Establish that your planning tracks and validates existing Fraud Risk strategies and designs new proprietary Fraud Detection strategies.

  • Oversee Fraud Risk: monitor Fraud Risks on an ongoing basis (on boarding and post on boarding) and identify ways to enhance your controls to minimise Fraud Risk and financial losses.

  • Be accountable for facilitating Fraud Risk Assessment considerations at all client levels, conduct fraud awareness training for clients and internal organization resources.

  • Confirm your organization this leader is expected to leverage a Data Driven approach in Decision Making and managing Fraud Risk while championing a culture of Process Excellence, disciplined utilization of Key Performance Indicators and key risk indicators for Continuous Improvement and effective Risk Management.

  • Control Fraud Risk: partner with security investigation, SOC, Threat Intelligence and Incident Response teams for ongoing Situational Awareness, intelligence and data signals to use as input to fraud investigation.

  • Ensure your planning develops and maintains contacts with other special investigative units and fraud related organizations.

  • Be accountable for preventing and detecting fraud is all about identifying potential risks using existing trends and emerging technology to accelerate intelligent Decision Making and build more efficient finance functions.

  • Lead Fraud Risk: legal, Business Development, Internal Audit, Fraud Prevention, Physical Security, Software Development community, Network Engineering, etc.

  • Ensure your strategy complies; its proven technology supports Fraud Detection, customer 360, MDM, IoT, AI.

  • Develop Pricing Strategies for new and evolving products and services, particularly focusing on tokenization, authentication, fraud management and data services.

  • Perform Technical Analysis of security alerts from all sources automated tool alerts, employee reported alerts, fraud investigation related alerts, etc.

  • Calibrate associated fraud screening software, monitor anti fraud tools effectiveness and advise on any new vendors or partnerships to aid in fraud reduction efforts.

  • Ensure your organization creates and facilitates organization auditing schedules; creates and maintains monitoring system for organization auditing process; generates progress reports based on data collected by Internal Auditors.

  • Evaluate Fraud Risk: Order Management, returns processes, and Fraud Detection.

  • Deliver technical Fraud Detection leadership and analysis services as a key program leader.

  • Coordinate Fraud Risk: research, experiment, and evaluate statistical and MachinE Learning techniques to develop Fraud Detection systems that satisfy Business Requirements and Security Policies.

  • Control Fraud Risk: legal, Business Development, Internal Audit, Fraud Prevention, Physical Security, Software Development community, Network Engineering, etc.

  • Perform key fraud identification, detection, research and loss mitigation actions on multiple delivery channels and products to protect organization clients and assets from fraud.

  • Follow MLOps Best Practices to develop and maintain MachinE Learning pipelines that can automate the retraining and deployment of new Fraud Detection models.

  • Be accountable for evaluating personnel and administrative policy compliance, management and operational matters, and Human Resources related matters.

  • Ensure you involve; recommend development of new investigation and Fraud Prevention workflow and tooling for fraud operations team to improve the Fraud Prevention KPIs.

  • Manage and direct the enterprise and operational risk programs to ensure controls are in place and aligned to achieve strategic business initiatives and meet Regulatory Requirements.

  • Create and update a compliant risk methodology covering all business lines and support functions.

  • Utilize specialized Fraud Detection systems, reports and online screens to analyze client behavior, deposit accounts, checks and transaction history in order to identify and interdict fraudulent banking activity.

  • Collaborate closely with Operations, Client Services, Legal and Compliance groups to drive investigation across your client facing processes and fraud and Risk Management lifecycle.

  • Develop unit goals and Policies and Procedures to meet Compliance Requirements and organizational goals.

  • Govern Fraud Risk: partner with risk, operations, and the chief Information security officers around appropriate risk, and security issues as Fraud Prevention measures in areas of overlap between fraud, cybersecurity and the digital initiatives.

  • Promote a culture of ethics, compliance and integrity in alignment with your organizations goals and Business Objectives.

  • Establish that your organization contributes to the development and implementation of short term architectural roadmap to Reduce Risk associated with known and emerging Information security threats across the enterprise.

  • Provide consultation to organization staff across programs regarding assessment, treatment and Service Delivery designed to implement with with the dual diagnosis population.


Save time, empower your teams and effectively upgrade your processes with access to this practical Fraud Risk Toolkit and guide. Address common challenges with best-practice templates, step-by-step Work Plans and maturity diagnostics for any Fraud Risk related project.

Download the Toolkit and in Three Steps you will be guided from idea to implementation results.

The Toolkit contains the following practical and powerful enablers with new and updated Fraud Risk specific requirements:

STEP 1: Get your bearings

Start with...

  • The latest quick edition of the Fraud Risk Self Assessment book in PDF containing 49 requirements to perform a quickscan, get an overview and share with stakeholders.

Organized in a Data Driven improvement cycle RDMAICS (Recognize, Define, Measure, Analyze, Improve, Control and Sustain), check the…

  • Example pre-filled Self-Assessment Excel Dashboard to get familiar with results generation

Then find your goals...

STEP 2: Set concrete goals, tasks, dates and numbers you can track

Featuring 999 new and updated case-based questions, organized into seven core areas of Process Design, this Self-Assessment will help you identify areas in which Fraud Risk improvements can be made.

Examples; 10 of the 999 standard requirements:

  1. Who is gathering information?

  2. How can you best use all of your knowledge repositories to enhancE Learning and sharing?

  3. What is your BATNA (best alternative to a negotiated agreement)?

  4. How do your measurements capture actionable Fraud Risk information for use in exceeding your customers expectations and securing your customers engagement?

  5. Does Fraud Risk systematically track and analyze outcomes for accountability and quality improvement?

  6. Who approved the Fraud Risk scope?

  7. How do you deal with Fraud Risk risk?

  8. What is the best design framework for Fraud Risk organization now that, in a post industrial-age if the top-down, command and control model is no longer relevant?

  9. What trophy do you want on your mantle?

  10. Who do you report Fraud Risk results to?

Complete the self assessment, on your own or with a team in a workshop setting. Use the workbook together with the self assessment requirements spreadsheet:

  • The workbook is the latest in-depth complete edition of the Fraud Risk book in PDF containing 994 requirements, which criteria correspond to the criteria in...

Your Fraud Risk self-assessment dashboard which gives you your dynamically prioritized projects-ready tool and shows your organization exactly what to do next:

  • The Self-Assessment Excel Dashboard; with the Fraud Risk Self-Assessment and Scorecard you will develop a clear picture of which Fraud Risk areas need attention, which requirements you should focus on and who will be responsible for them:

    • Shows your organization instant insight in areas for improvement: Auto generates reports, radar chart for maturity assessment, insights per process and participant and bespoke, ready to use, RACI Matrix
    • Gives you a professional Dashboard to guide and perform a thorough Fraud Risk Self-Assessment
    • Is secure: Ensures offline Data Protection of your Self-Assessment results
    • Dynamically prioritized projects-ready RACI Matrix shows your organization exactly what to do next:


STEP 3: Implement, Track, follow up and revise strategy

The outcomes of STEP 2, the self assessment, are the inputs for STEP 3; Start and manage Fraud Risk projects with the 62 implementation resources:

  • 62 step-by-step Fraud Risk Project Management Form Templates covering over 1500 Fraud Risk project requirements and success criteria:

Examples; 10 of the check box criteria:

  1. Cost Management Plan: Eac -estimate at completion, what is the total job expected to cost?

  2. Activity Cost Estimates: In which phase of the Acquisition Process cycle does source qualifications reside?

  3. Project Scope Statement: Will all Fraud Risk project issues be unconditionally tracked through the Issue Resolution process?

  4. Closing Process Group: Did the Fraud Risk Project Team have enough people to execute the Fraud Risk project plan?

  5. Source Selection Criteria: What are the guidelines regarding award without considerations?

  6. Scope Management Plan: Are Corrective Actions taken when actual results are substantially different from detailed Fraud Risk project plan (variances)?

  7. Initiating Process Group: During which stage of Risk planning are risks prioritized based on probability and impact?

  8. Cost Management Plan: Is your organization certified as a supplier, wholesaler, regular dealer, or manufacturer of corresponding products/supplies?

  9. Procurement Audit: Was a formal review of tenders received undertaken?

  10. Activity Cost Estimates: What procedures are put in place regarding bidding and cost comparisons, if any?

Step-by-step and complete Fraud Risk Project Management Forms and Templates including check box criteria and templates.

1.0 Initiating Process Group:

2.0 Planning Process Group:

  • 2.1 Fraud Risk Project Management Plan
  • 2.2 Scope Management Plan
  • 2.3 Requirements Management Plan
  • 2.4 Requirements Documentation
  • 2.5 Requirements Traceability Matrix
  • 2.6 Fraud Risk project Scope Statement
  • 2.7 Assumption and Constraint Log
  • 2.8 Work Breakdown Structure
  • 2.9 WBS Dictionary
  • 2.10 Schedule Management Plan
  • 2.11 Activity List
  • 2.12 Activity Attributes
  • 2.13 Milestone List
  • 2.14 Network Diagram
  • 2.15 Activity Resource Requirements
  • 2.16 Resource Breakdown Structure
  • 2.17 Activity Duration Estimates
  • 2.18 Duration Estimating Worksheet
  • 2.19 Fraud Risk project Schedule
  • 2.20 Cost Management Plan
  • 2.21 Activity Cost Estimates
  • 2.22 Cost Estimating Worksheet
  • 2.23 Cost Baseline
  • 2.24 Quality Management Plan
  • 2.25 Quality Metrics
  • 2.26 Process Improvement Plan
  • 2.27 Responsibility Assignment Matrix
  • 2.28 Roles and Responsibilities
  • 2.29 Human Resource Management Plan
  • 2.30 Communications Management Plan
  • 2.31 Risk Management Plan
  • 2.32 Risk Register
  • 2.33 Probability and Impact Assessment
  • 2.34 Probability and Impact Matrix
  • 2.35 Risk Data Sheet
  • 2.36 Procurement Management Plan
  • 2.37 Source Selection Criteria
  • 2.38 Stakeholder Management Plan
  • 2.39 Change Management Plan

3.0 Executing Process Group:

  • 3.1 Team Member Status Report
  • 3.2 Change Request
  • 3.3 Change Log
  • 3.4 Decision Log
  • 3.5 Quality Audit
  • 3.6 Team Directory
  • 3.7 Team Operating Agreement
  • 3.8 Team Performance Assessment
  • 3.9 Team Member Performance Assessment
  • 3.10 Issue Log

4.0 Monitoring and Controlling Process Group:

  • 4.1 Fraud Risk project Performance Report
  • 4.2 Variance Analysis
  • 4.3 Earned Value Status
  • 4.4 Risk Audit
  • 4.5 Contractor Status Report
  • 4.6 Formal Acceptance

5.0 Closing Process Group:

  • 5.1 Procurement Audit
  • 5.2 Contract Close-Out
  • 5.3 Fraud Risk project or Phase Close-Out
  • 5.4 Lessons Learned



With this Three Step process you will have all the tools you need for any Fraud Risk project with this in-depth Fraud Risk Toolkit.

In using the Toolkit you will be better able to:

  • Diagnose Fraud Risk projects, initiatives, organizations, businesses and processes using accepted diagnostic standards and practices
  • Implement evidence-based Best Practice strategies aligned with overall goals
  • Integrate recent advances in Fraud Risk and put Process Design strategies into practice according to Best Practice guidelines

Defining, designing, creating, and implementing a process to solve a business challenge or meet a business objective is the most valuable role; In EVERY company, organization and department.

Unless you are talking a one-time, single-use project within a business, there should be a process. Whether that process is managed and implemented by humans, AI, or a combination of the two, it needs to be designed by someone with a complex enough perspective to ask the right questions. Someone capable of asking the right questions and step back and say, 'What are we really trying to accomplish here? And is there a different way to look at it?'

This Toolkit empowers people to do just that - whether their title is entrepreneur, manager, consultant, (Vice-)President, CxO etc... - they are the people who rule the future. They are the person who asks the right questions to make Fraud Risk investments work better.

This Fraud Risk All-Inclusive Toolkit enables You to be that person.


Includes lifetime updates

Every self assessment comes with Lifetime Updates and Lifetime Free Updated Books. Lifetime Updates is an industry-first feature which allows you to receive verified self assessment updates, ensuring you always have the most accurate information at your fingertips.