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Thread: Different department

  1. #1
    Senior Member swapnil90 is on a distinguished road
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    Different department

    I heard that there are different departments in High Tech Companies to prevent frauds...

    Is there any substance to the above line?

  2. #2
    Member smarty is on a distinguished road
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    Ya there is sure a lot of substance to that sentence.

    Companies want to be safe now and not take a bit of risk.

    They have appointed special men in the IT (Information Technology) Department to make sure that their company is safe from spam.

  3. #3
    Senior Member inworx is on a distinguished road
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    PayPal too have a hidden department for fraud protection.

    They are biggest one I've seen!

  4. #4
    Banned louj is on a distinguished road
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    Definitely, any company that cashes in more than $1 million a day or so should have a specific department to prevent frauds, nobody wants to lose money on useless cases like frauds.

  5. #5
    Banned rant is on a distinguished road
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    In that case, that is a very good news for the customers of such companies. I for one would want the company that handles my finances should be on the guard for fraudulent activities and people.

  6. #6
    Member reachkannan2003 is an unknown quantity at this point
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    The "Pump And Dump" Scam

    It's common to see messages posted online that urge readers to buy a stock quickly or tell you to sell before the price goes down. Often the writers will claim to have "inside" information about an impending development or to use an "infallible" combination of economic and stock market data to pick stocks. In reality, they may be insiders or paid promoters who stand to gain by selling their shares after the stock price is pumped up by gullible investors. Once these fraudsters sell their shares and stop hyping the stock, the price typically falls and investors lose their money. Fraudsters frequently use this ploy with small, thinly-traded companies because it's easier to manipulate a stock when there's little or no information available about the company.

  7. #7
    Member reachkannan2003 is an unknown quantity at this point
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    Exclamation The Pyramid

    Be wary of messages that read: "How To Make Big Money From Your Home Computer!!!" One online promoter claimed that investors could "turn $5 into $60,000 in just three to six weeks." In reality, this program was nothing more than an electronic version of the classic "pyramid" scheme in which participants attempt to make money solely by recruiting new participants into the program.

  8. #8
    Member reachkannan2003 is an unknown quantity at this point
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    Exclamation The "Risk-Free" Fraud

    "Exciting, Low-Risk Investment Opportunities" to participate in exotic-sounding investments such as wireless cable projects, prime bank securities, and eel farms have been offered through the Internet. But no investment is risk-free. And sometimes the investment products touted do not even exist they're merely scams. Be wary of opportunities that promise spectacular profits or "guaranteed" returns. If the deal sounds too good to be true, then it probably is.

  9. #9
    Member reachkannan2003 is an unknown quantity at this point
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    Exclamation Off-shore Frauds

    At one time, off-shore schemes targeting U.S. investors cost a great deal of money and were difficult to carry out. Conflicting time zones, differing currencies, and the high costs of international telephone calls and overnight mailings made it difficult for fraudsters to prey on U.S. residents. But the Internet has removed those obstacles. Be extra careful when considering any investment opportunity that comes from another country, because it's difficult for U.S. law enforcement agencies to investigate and prosecute foreign frauds.

  10. #10
    Member mentaliser is on a distinguished road
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    Almost every MNC prefer to have an antifraud department to protect their customers from frauds. But no matter how hard they try people find one way or the other of entering into frauds.

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