Bait Record

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Dictionary Says

Definition of 'Bait Record'

An internal control used in accounting to detect fraud and improper usage. Bait records are planted in computerized files so that if the files are improperly accessed, it will be possible to track who accessed them. Bait records get their name because the parties intent on fraud and misuse are tempted to “take the bait.”
Investopedia Says

Investopedia explains 'Bait Record'

For example, financial services firms are often the target of “phishing” email attacks from hackers and criminals looking to perpetrate identity theft. Bait records - consisting of fictional identities - planted in the firms’ databases may enable law-enforcement agencies to better track who may be committing such fraud.
Search results for

'Bait Record'

  • Best Sports Bets Of The Year - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/1111/Best-Sports-Bets-Of-The-Year.aspx
    ... in the nation, and hosted a Texas Tech team with an artificially enhanced 4-2 record:
    those wins ... Big Winner Some anonymous bettor took that bait, and that bet. ...

  • Warranties That Aren't Worth It And Why - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0211/Warranties-That-Arent-Worth-It-And-Why.aspx
    ... (For more, see Extended Warranties: Should You Take The Bait?). ... it's always a good
    idea to check the company's customer service track record before buying the ...

  • When Warranties Aren't Worth It Slideshow | Investopedia

    http://www.investopedia.com/slide-show/warranties
    ... (For more, see Extended Warranties: Should You Take The Bait?). ... it's always a good
    idea to check the company's customer service track record before buying the ...

  • When Warranties Aren't Worth It Slideshow | Investopedia

    http://www.investopedia.com/slide-show/warranties/buying-later.aspx
    ... (For more, see Extended Warranties: Should You Take The Bait?). ... it's always a good
    idea to check the company's customer service track record before buying the ...

  • When Warranties Aren't Worth It Slideshow | Investopedia

    http://www.investopedia.com/slide-show/warranties/manufacturer-warranty.aspx
    ... (For more, see Extended Warranties: Should You Take The Bait?). ... it's always a good
    idea to check the company's customer service track record before buying the ...

  • When Warranties Aren't Worth It Slideshow | Investopedia

    http://www.investopedia.com/slide-show/warranties/cheat-or-sale.aspx
    ... (For more, see Extended Warranties: Should You Take The Bait?). ... it's always a good
    idea to check the company's customer service track record before buying the ...

  • When Warranties Aren't Worth It Slideshow | Investopedia

    http://www.investopedia.com/slide-show/warranties/fine-print.aspx
    ... (For more, see Extended Warranties: Should You Take The Bait?). ... it's always a good
    idea to check the company's customer service track record before buying the ...

  • When Warranties Aren't Worth It Slideshow | Investopedia

    http://www.investopedia.com/slide-show/warranties/retailers.aspx
    ... (For more, see Extended Warranties: Should You Take The Bait?). ... it's always a good
    idea to check the company's customer service track record before buying the ...

  • Avoiding Online Investment Scams

    http://www.investopedia.com/articles/pf/08/avoid-online-investment-scams.asp
    ... website and, out of that number, a smaller number will take the bait. ... FINRA) to
    determine whether the brokerage firm has a good disciplinary track record. ...

  • How To Avoid Buying A "Lemon" Product

    http://www.investopedia.com/articles/pf/11/solutions-to-lemon-problem.asp
    ... Consumers may be able to check a dealer's track record on a website or they ... For more
    insight, see Extended Warranties: Should You Take The Bait?) 2. Industry ...

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