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Risks In Wells Fargo

440 Words2 Pages

Wells Fargo is vigilant in the detection and reporting of suspicious or potential fraudulent activity undertaken by customers and perpetrators. The ongoing advancement of technology continue to introduce new risks and opportunities for fraud. Dr. Tarisa Watanagase (2008) note "the pace and complexity of these advances have vastly accelerated beyond the risk associated with traditional credit and market risk activities. One of those emerging risks in financial institutions is fraud risk, which needs to be effectively controlled through effective governance and sound operational risk management processes" (Dr. Watanagase, 2008). Fraud risks occurs in multiple methods. The most generally observed are debit purchases online and in store and check

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