A bank clerk extracts customers' personal and account information from a database and then sells that data. A production manager for a manufacturer improperly accesses the system to enter recurring service fees for a nonexistent vendor. Monthly disbursements are then made, with payments sent via electronic fund transfer to a bank account opened by the production manager.
Technology presents so many opportunities for fraud to occur. Fortunately, technology also provides many opportunities to combat fraud. In a preventative role, technology enforces defined segregations of duties, a crucial fraud prevention concept; IT access restrictions need to align with the segregated work roles and responsibilities given to individuals. That alignment enables an organization to deploy application controls and other automated, preventative measures in the most effective manner.