Financial fraud in the banking sphere

Abstract

Purpose: systematization, theoretical substantiation of approaches to the formation of an effective system for the prevention of financial fraud in the banking sector through the global Internet. To achieve this, the article discusses the types, reasons and conditions for the emergence and spread of Internet fraud, as well as ways to prevent them. Discussion: in connection with the active growth of Internet fraud in the financial sector, questions about the types of cyber fraud, the reasons, how they are detected and methods of protection are becoming relevant. The growing number of cybercrimes in the financial sector testifies to the imperfection of legislation in this area, financial illiteracy of the population, which affects not only the welfare of the population, but also the financial system as a whole. An analysis of the situation that has developed in the financial sphere of Russia to date shows the synergy of the negative impacts of the global economic crisis and various internal causes. Taking into account the Russian financial and economic specifics, the level of distribution and the extent of damage from financial fraud in its most diverse forms and types have become one of the important criteria for assessing the crime situation in our country. The globalization of world civilization has made the interdependence of the world and Russian financial systems obvious. At the same time, the situation is complicated by the fact that at present the nature of fraud in our country will acquire a more sophisticated intellectual character. From the foregoing, it becomes necessary to investigate the problem of fraudulent activities in the financial markets in order to timely identify fraudsters and to avoid illegal actions on their part. Results: the types of fraudulent activities were considered and solutions were proposed to counteract them. An algorithm of actions aimed at establishing the reliability of the company is presented. The result of the work is the main preventive measures aimed at preventing and countering Internet fraud.