Ttechnogy aspects in deposit acs from frauds shoulf be analyzed. Staff shoulf be honest.

Question

Accepted Answer

Technology and staff honesty are both crucial in analyzing deposit frauds.

Technology should be used to detect and prevent frauds, such as implementing multi-factor authentication and real-time transaction monitoring.
Regular staff training and awareness programs should be conducted to ensure honesty and ethical behavior.
Internal controls should be established to prevent conflicts of interest and ensure segregation of duties.
Data analytics can be used to identify suspicious patterns and anomalies in transactions.
Collaboration with law enforcement agencies and other financial institutions can help in sharing information and preventing frauds.

Top Central Bank of India Chief Internal Auditor interview questions & answers