Fraud Analyst

Fraud Analyst Interview Questions and Answers for Freshers

Updated 13 Jun 2024
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Q1. What does fraud mean if you have to explain to explain it to a 12-year kid

Ans.

Fraud is when someone tricks or deceives others to steal their money or personal information.

  • Fraud is a type of dishonest behavior where someone tries to take advantage of others for their own gain.

  • It involves tricking or deceiving people to steal their money, personal information, or belongings.

  • Fraud can happen in different ways, such as online scams, identity theft, or fake products.

  • For example, if someone pretends to be a bank representative and asks for your credit card d...read more

Q2. How many types of join are there? Explain left outer join

Ans.

There are four types of join: inner, outer, left, and right. Left outer join returns all records from the left table and matching records from the right table.

  • Inner join returns only matching records from both tables

  • Outer join returns all records from both tables

  • Left join returns all records from the left table and matching records from the right table

  • Right join returns all records from the right table and matching records from the left table

  • Example: SELECT * FROM table1 LEFT...read more

Q3. What is chargeback and explain the chargeback cycle?

Ans.

Chargeback is a transaction reversal made by a bank or credit card issuer, usually due to fraud or disputed charges.

  • Chargeback occurs when a customer disputes a charge and the bank or credit card issuer reverses the transaction.

  • The merchant is notified of the chargeback and can either accept it or dispute it.

  • If the chargeback is accepted, the merchant loses the sale and may be charged a fee.

  • If the chargeback is disputed, the bank or credit card issuer investigates and makes a...read more

Q4. What is elder abuse and how do you detect it

Ans.

Elder abuse is mistreatment of older adults, which can be physical, emotional, financial, or sexual.

  • Detecting elder abuse involves looking for signs of physical injuries, such as bruises, cuts, or burns

  • Changes in behavior, such as withdrawal or depression, can also be a sign of elder abuse

  • Unexplained financial transactions or sudden changes in a senior's financial situation can indicate financial abuse

  • Sexual abuse can be detected by observing signs of trauma or changes in beh...read more

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Q5. What are DDL commands?

Ans.

DDL commands are used to create, modify, and delete database objects.

  • DDL stands for Data Definition Language.

  • Examples of DDL commands include CREATE, ALTER, and DROP.

  • CREATE is used to create a new database object, such as a table or index.

  • ALTER is used to modify an existing database object, such as adding a column to a table.

  • DROP is used to delete a database object, such as a table or index.

Q6. Explain what is fraud in your words?

Ans.

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

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Q7. What Phishing, in banking sector?

Ans.

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 sector include fake websites that mimic the appearance of a ba...read more

Q8. What is credit card and purpose?

Ans.

A credit card is a payment card issued by a financial institution, allowing the cardholder to borrow funds to make purchases.

  • Credit cards allow users to make purchases on credit, with the promise to repay the borrowed amount at a later date.

  • They often come with a credit limit, which is the maximum amount the cardholder can borrow.

  • Credit cards may also offer rewards, cashback, or other benefits to cardholders.

  • They are widely accepted for online and in-person transactions, maki...read more

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Q9. What do you know about wipro?

Ans.

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 solutions.

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