Often these are followed up by phone calls pretending to be from the bank's fraud detection team.

It exposes a chilling picture of how scammers are running rings around the banks and fraud detection agencies.

So you would've thought that, by now, it would have tightened up its fraud detection systems.

Clarification that auditors should seek to find corporate fraud and a requirement they are educated in forensic accounting and fraud detection; ?

Research has also spawned a string of spin-out companies specialising in technologies such as online payment fraud detection to targeted mobile advertising.