Risk, Payments and Fraud Course Syllabus

Overview: This course provides a comprehensive introduction to payment systems, the risks associated with them, and effective strategies for fraud prevention. Designed for beginners, it covers essential concepts in five core modules, featuring real-world case studies and practical tools. With approximately 3.5 hours of video content and additional time for review and exercises, learners will gain foundational knowledge applicable across finance, e-commerce, and compliance roles. Lifetime access ensures flexibility for self-paced learning.

Module 1: Introduction to Payment Systems

Estimated time: 0.5 hours

• Overview of payment systems and their components
• Types of payment methods and their characteristics
• Understanding the payment processing lifecycle

Module 2: Payment Risks and Fraud Types

Estimated time: 0.75 hours

• Common payment risks and their impact on businesses
• Types of payment fraud: card-not-present, account takeover, phishing
• Case studies of notable payment fraud incidents

Module 3: Fraud Prevention Strategies

Estimated time: 0.75 hours

• Best practices for preventing payment fraud
• Role of encryption and tokenization in securing transactions
• Implementing multi-factor authentication and other security measures

Module 4: Compliance and Regulatory Considerations

Estimated time: 0.75 hours

• Overview of relevant regulations: PCI-DSS, GDPR
• Importance of compliance in mitigating payment risks
• Strategies for maintaining compliance in payment operations

Module 5: Risk Assessment and Management

Estimated time: 0.75 hours

• Techniques for assessing payment risks
• Developing a risk management plan for payment systems
• Tools and resources for ongoing risk assessment

Module 6: Final Project

Estimated time: 1 hour

• Deliverable 1: Analyze a real-world payment fraud scenario
• Deliverable 2: Develop a fraud prevention strategy for a sample business
• Deliverable 3: Create a compliance checklist based on PCI-DSS and GDPR

Prerequisites

• Basic understanding of financial transactions
• Familiarity with digital platforms and online business operations
• Interest in finance, cybersecurity, or compliance

What You'll Be Able to Do After

• Understand the fundamentals of payment systems and their associated risks
• Identify common types of payment fraud and how they occur
• Learn strategies to prevent and mitigate payment fraud
• Understand the role of compliance and regulations in payment systems
• Develop skills to assess and manage payment risks effectively