Identification and prevention of banking fraud and scams in New Zealand
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Other Title
Authors
Babenkov, Evgenii
Author ORCID Profiles (clickable)
Degree
Master of Applied Management
Grantor
Otago Polytechnic
Date
2022
Supervisors
Mehdipour, Farhad
Saimei, Saba
Saimei, Saba
Type
Masters Thesis
Ngā Upoko Tukutuku (Māori subject headings)
Keyword
New Zealand
banks
financial services industry
banking fraud
scams
consumer protection
fraud investigation
fraud prevention
financial crime
banks
financial services industry
banking fraud
scams
consumer protection
fraud investigation
fraud prevention
financial crime
ANZSRC Field of Research Code (2020)
Citation
Babenkov, E. (2022). Identification and prevention of banking fraud and scams in New Zealand. (Unpublished document submitted in partial fulfilment of the requirements for the degree of Master of Applied Management). Otago Polytechnic, New Zealand. https://doi.org/10.34074/thes.5607
Abstract
RESEARCH QUESTIONS
1. To identify the forms of banking fraud and scams in New Zealand
2. To examine the Government and financial institution's response to the prevention and control of bank fraud in New Zealand, what has been done and what else could have been done
3. Create a simple set of rules and guidelines for New Zealanders to avoid falling victim to modern banking fraud and scams
ABSTRACT
The aim of this research is to investigate banking fraud in New Zealand and create a simple set of rules and guidelines for New Zealanders to avoid falling victim to modern banking fraud or scam. In addition, the study will help to understand technological aspects and forms of bank fraud and scams in New Zealand. Moreover, the research will examine NZ government’s and financial institutions’ response in the prevention and control of bank fraud including what has been done until now and what else could be done in future.
This research will focus on credit card transactions fraud (ATM, card presence, and card no presence), online banking fraud (digital fraud via mobile or computer), and scams in New Zealand. This research will build on existing research on card fraud and online transactions around the world. I will also focus on the current realities of the banking industry in New Zealand to understand different techniques that criminals use to mislead a potential victim and commit a crime. Moreover, an in-depth study of the proposed approaches to prevent banking fraud and scams will be conducted. Furthermore, how the government and its agencies (Financial Intelligence Unit and Reserve Bank) can help mitigate the risk of financial crime will be investigated.
This research will benefit the New Zealand Government and its agencies, citizens, students, corporate managers, various financial and non-financial institutions, and academics who want to learn more about fraud, in particular about ways to detect and mitigate the risk of fraud.
Publisher
Permanent link
Link to ePress publication
DOI
https://doi.org/10.34074/thes.5607
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Author
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Attribution-NonCommercial-NoDerivatives 4.0 International