Fraud Risks – Knowsia

BSIM – April 2024 – L3 – Q2 – Investment in Information Management Systems

Addressing card management fraud in electronic business, outlining risks in electronic banking and payment channels, and measures to protect customers.

Question

a. Provide four (4) instances in which a bank might opt to allocate resources towards an Information Management System. (10 marks)

b. Using scenarios, identify four (4) Primary Risks that could emerge following the implementation of an Information Management System. (10 marks)

Answer

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Tags: Card Management, Customer Protection, Electronic Banking, Fraud Risks, Payment Channels, Risk Mitigation
Level: Level 3

Topic: INFORMATION SYSTEMS AND COMPETITIVE POSITION
Series: APR 2024

BSIM – April 2024 – L3 – Q1 – Card Management Fraud in Electronic Business Department

Addressing card management fraud in electronic business, outlining risks in electronic banking and payment channels, and measures to protect customers.

Question

The Leadership of a prominent Financial Institution has detected instances of Card Management Fraud occurring within the Electronic Business Department. You have been selected to serve as an Advisor to the Management Committee, tasked with aiding in the identification of these fraudulent activities and implementing measures to remedy them.

a. Outline and elaborate on four (4) risks linked with Electronic Banking and the utilization of Electronic Payment Channels. (12 marks)

b. How would you guarantee that customers are shielded from the adverse consequences of these fraudulent activities? Offer two (2) examples. (8 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Card Management, Customer Protection, Electronic Banking, Fraud Risks, Payment Channels, Risk Mitigation
Level: Level 3

Topic: CARD MANAGEMENT
Series: APR 2024

BSIM – April 2024 – L3 – Q2 – Investment in Information Management Systems

Addressing card management fraud in electronic business, outlining risks in electronic banking and payment channels, and measures to protect customers.

Question

a. Provide four (4) instances in which a bank might opt to allocate resources towards an Information Management System. (10 marks)

b. Using scenarios, identify four (4) Primary Risks that could emerge following the implementation of an Information Management System. (10 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Card Management, Customer Protection, Electronic Banking, Fraud Risks, Payment Channels, Risk Mitigation
Level: Level 3

Topic: INFORMATION SYSTEMS AND COMPETITIVE POSITION
Series: APR 2024

BSIM – April 2024 – L3 – Q1 – Card Management Fraud in Electronic Business Department

Addressing card management fraud in electronic business, outlining risks in electronic banking and payment channels, and measures to protect customers.

Question

a. Outline and elaborate on four (4) risks linked with Electronic Banking and the utilization of Electronic Payment Channels. (12 marks)

b. How would you guarantee that customers are shielded from the adverse consequences of these fraudulent activities? Offer two (2) examples. (8 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Card Management, Customer Protection, Electronic Banking, Fraud Risks, Payment Channels, Risk Mitigation
Level: Level 3

Topic: CARD MANAGEMENT
Series: APR 2024

Question Tag: Fraud Risks

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BSIM – April 2024 – L3 – Q2 – Investment in Information Management Systems

Addressing card management fraud in electronic business, outlining risks in electronic banking and payment channels, and measures to protect customers.

BSIM – April 2024 – L3 – Q1 – Card Management Fraud in Electronic Business Department

Addressing card management fraud in electronic business, outlining risks in electronic banking and payment channels, and measures to protect customers.

BSIM – April 2024 – L3 – Q2 – Investment in Information Management Systems

Addressing card management fraud in electronic business, outlining risks in electronic banking and payment channels, and measures to protect customers.

BSIM – April 2024 – L3 – Q1 – Card Management Fraud in Electronic Business Department

Addressing card management fraud in electronic business, outlining risks in electronic banking and payment channels, and measures to protect customers.

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BSIM – April 2024 – L3 – Q2 – Investment in Information Management Systems

Addressing card management fraud in electronic business, outlining risks in electronic banking and payment channels, and measures to protect customers.

You're reporting an error for "BSIM – April 2024 – L3 – Q2 – Investment in Information Management Systems"

BSIM – April 2024 – L3 – Q1 – Card Management Fraud in Electronic Business Department

Addressing card management fraud in electronic business, outlining risks in electronic banking and payment channels, and measures to protect customers.

You're reporting an error for "BSIM – April 2024 – L3 – Q1 – Card Management Fraud in Electronic Business Department"

BSIM – April 2024 – L3 – Q2 – Investment in Information Management Systems

Addressing card management fraud in electronic business, outlining risks in electronic banking and payment channels, and measures to protect customers.

You're reporting an error for "BSIM – April 2024 – L3 – Q2 – Investment in Information Management Systems"

BSIM – April 2024 – L3 – Q1 – Card Management Fraud in Electronic Business Department

Addressing card management fraud in electronic business, outlining risks in electronic banking and payment channels, and measures to protect customers.

You're reporting an error for "BSIM – April 2024 – L3 – Q1 – Card Management Fraud in Electronic Business Department"

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