Banking Fraud

noun a fraudulent scheme in which a person writes a cheque from one bank account with insufficient funds, deposits it into another account, then withdraws the funds before the cheque clears

• Cheque kiting is a form of fraud where a person writes a cheque from one bank account with insufficient funds, then deposits it into another account and withdraws the money before the cheque clears.
• I heard that some people try to get away with cheque kiting by moving money between accounts before the cheques bounce.
• Don't even think about cheque kiting, you'll get caught and end up in serious trouble.
• His financial schemes were like a game of cheque kiting, always trying to stay one step ahead of the consequences.

noun a form of cyber attack where criminals use malware to force ATMs to dispense cash

verb to carry out a jackpotting attack

• Jackpotting is a type of cyber attack where criminals use malware to force ATMs to dispense cash.
• Have you heard about jackpotting? It's when hackers trick ATMs into giving out money.
• Dude, did you see that video of the guy jackpotting the ATM? Crazy!
• Winning the lottery felt like hitting the jackpot, it was like jackpotting in real life.

noun A word that represents a person, place, thing, or idea. In this case, 'account' is a noun because it refers to a record or statement of financial transactions.

preposition A word that shows the relationship between a noun (or pronoun) and other words in a sentence. In this case, 'over' is a preposition that indicates the action of taking control of an account.

• The company experienced a significant financial loss due to an account take-over by cybercriminals.
• My friend's social media account got hacked in an account take-over.
• I heard about a crazy account take-over where someone's entire online identity was stolen.
• The sudden change in leadership felt like an account take-over of the company.