M17 - E-Commerce Fraud Examination and Prevention
Description
The sources provide an extensive overview of fraud in e-commerce, focusing on its nature, prevention, and detection as part of a forensic accounting curriculum. They categorize various types of e-commerce fraud, including chargeback fraud, return fraud, payment fraud, identity theft, and supplier fraud, often illustrating them with specific case examples and estimated losses in Australia. The material also addresses the unique fraud risks presented by the e-business environment, emphasizing the importance of internal controls like the control environment and risk assessment for prevention. Furthermore, the texts discuss future trends, particularly the escalating role of generative AI and automation in increasing the sophistication and scale of fraudulent activities, requiring specialized technical knowledge for detection and investigation.



