Wipro Fraud Analyst Interview Questions, Process, and Tips

Types of fraud commonly seen include identity theft, credit card fraud, and insurance fraud.

• Identity theft: When someone steals personal information to commit fraud.

• Credit card fraud: Unauthorized use of someone's credit card information.

• Insurance fraud: Falsifying information to make fraudulent claims.

• Online scams: Phishing emails, fake websites, and social engineering tactics.

• Healthcare fraud: Billing for services no...read more

Fraud cases should be handled promptly and thoroughly to prevent further losses and protect the company's reputation.

• Investigate the fraud case thoroughly to determine the extent of the fraud and identify the perpetrator.

• Gather evidence such as transaction records, communication logs, and witness statements.

• Report the fraud to the appropriate authorities and cooperate with any investigations.

• Implement measures to preve...read more

Credit cards allow users to borrow money from the card issuer, while debit cards deduct funds directly from the user's bank account.

• Credit cards allow users to make purchases on credit, with the card issuer lending the money for the transaction.

• Debit cards deduct funds directly from the user's bank account at the time of purchase.

• Credit cards typically have a credit limit, while debit cards are limited to the available...read more

Fraud is a deliberate deception to secure unfair or unlawful gain, often involving false information or misrepresentation.

• Fraud involves intentional deception or misrepresentation

• It is committed to gain an unfair advantage or financial benefit

• Common types of fraud include identity theft, credit card fraud, and insurance fraud

Credit cards allow users to borrow money from the card issuer up to a certain limit, while debit cards are linked to the user's bank account and funds are directly withdrawn.

• Credit cards allow users to borrow money up to a certain limit set by the card issuer.

• Debit cards are linked to the user's bank account and funds are directly withdrawn from the account when making a purchase.

• Credit cards typically have higher inte...read more

My strengths include attention to detail, analytical skills, and ability to think critically. My weaknesses include being overly critical of myself and sometimes struggling with time management.

• Strengths: attention to detail

• Strengths: analytical skills

• Strengths: critical thinking

• Weaknesses: self-criticism

• Weaknesses: time management

I thrive under pressure by staying organized, prioritizing tasks, and maintaining a calm demeanor.

• I prioritize tasks based on urgency and importance

• I stay organized by creating to-do lists and setting deadlines

• I maintain a calm demeanor by taking deep breaths and focusing on solutions rather than problems

I manage and motivate myself by setting clear goals, creating a routine, staying organized, seeking feedback, and celebrating small wins.

• Set clear goals to stay focused and motivated

• Create a routine to establish consistency and discipline

• Stay organized to reduce stress and increase productivity

• Seek feedback from peers and supervisors to improve performance

• Celebrate small wins to stay motivated and positive

Wipro Limited is an Indian multinational corporation that provides information technology, consulting and business process services.

• Wipro was founded in 1945 in India.

• It is one of the largest IT services companies in the world.

• Wipro offers services such as IT consulting, system integration, and outsourcing.

• The company has a presence in over 60 countries.

• Wipro is known for its innovation and digital transformation solut

Fraud is the intentional deception for personal gain or to cause harm.

• Fraud involves intentional deception or misrepresentation

• It is committed for personal gain or to cause harm

• Examples include identity theft, credit card fraud, and insurance fraud

Phishing is a type of cyber attack where fraudsters attempt to obtain sensitive information such as usernames, passwords, and credit card details by pretending to be a trustworthy entity.

• Phishing involves sending fraudulent emails or messages that appear to be from legitimate organizations, such as banks, in order to trick individuals into providing their personal information.

• Common phishing tactics in the banking sect...read more