Table 5 Frequency table showing some...

Table 5

Frequency table showing some anti-fraud technologies adopted in the South African banking industry

		Frequency	Percent	Valid percent	Cumulative percent
Filtering software
Valid	Ineffective	1	2.40	2.40	2.40
	Effective	18	42.90	42.90	45.20
	Highly effective	23	54.80	54.80	100.00
	Total	42	100.00	100.00
Firewalls
Valid	Ineffective	1	2.40	2.40	2.40
	Effective	24	57.10	57.10	59.50
	Highly effective	17	40.50	40.50	100.00
	Total	42	100.00	100.00
Encryption
Valid	Ineffective	3	7.10	7.10	7.10
	Not sure	1	2.40	2.40	9.50
	Effective	25	59.50	59.50	69.00
	Highly effective	13	31.00	31.00	100.00
	Total	42	100.00	100.00
Continuous auditing
Valid	Ineffective	1	2.40	2.40	2.00
	Effective	22	52.40	52.40	54.80
	Highly effective	19	45.20	45.20	100.00
	Total	42	100.00	100.0
Discovery sampling
Valid	Ineffective	4	9.50	9.50	9.50
	Not sure	6	14.30	14.30	23.80
	Effective	18	42.90	42.90	66.70
	Highly effective	14	33.30	33.30	100.00
	Total	42	100.00	100.00
Virus protection
Valid	Ineffective	2	4.80	4.80	4.80
	Not sure	1	2.40	2.40	7.10
	Effective	23	54.80	54.80	61.90
	Highly effective	16	38.10	38.10	100.00
	Total	42	100.00	100.00
Financial ratios
Valid	Ineffective	3	7.10	7.10	7.10
	Not sure	5	11.90	11.90	19.00
	Effective	15	35.70	35.70	54.80
	Highly effective	19	45.20	45.20	100.00
	Total	42	100.00	100.00
Digital analysis
Valid	Ineffective	1	2.40	2.40	2.40
	Not sure	6	14.30	14.30	16.70
	Effective	15	35.70	35.70	52.40
	Highly effective	20	47.60	47.60	100.00
	Total	42	100.00	100.00
Data mining
Valid	Ineffective	3	7.10	7.10	7.10
	Not sure	6	14.30	14.30	21.40
	Effective	20	47.60	47.60	69.00
	Highly effective	13	31.00	31.00	100.00
	Total	42	100.00	100.00

		Frequency	Percent	Valid percent	Cumulative percent
Filtering software
Valid	Ineffective	1	2.40	2.40	2.40
	Effective	18	42.90	42.90	45.20
	Highly effective	23	54.80	54.80	100.00
	Total	42	100.00	100.00
Firewalls
Valid	Ineffective	1	2.40	2.40	2.40
	Effective	24	57.10	57.10	59.50
	Highly effective	17	40.50	40.50	100.00
	Total	42	100.00	100.00
Encryption
Valid	Ineffective	3	7.10	7.10	7.10
	Not sure	1	2.40	2.40	9.50
	Effective	25	59.50	59.50	69.00
	Highly effective	13	31.00	31.00	100.00
	Total	42	100.00	100.00
Continuous auditing
Valid	Ineffective	1	2.40	2.40	2.00
	Effective	22	52.40	52.40	54.80
	Highly effective	19	45.20	45.20	100.00
	Total	42	100.00	100.0
Discovery sampling
Valid	Ineffective	4	9.50	9.50	9.50
	Not sure	6	14.30	14.30	23.80
	Effective	18	42.90	42.90	66.70
	Highly effective	14	33.30	33.30	100.00
	Total	42	100.00	100.00
Virus protection
Valid	Ineffective	2	4.80	4.80	4.80
	Not sure	1	2.40	2.40	7.10
	Effective	23	54.80	54.80	61.90
	Highly effective	16	38.10	38.10	100.00
	Total	42	100.00	100.00
Financial ratios
Valid	Ineffective	3	7.10	7.10	7.10
	Not sure	5	11.90	11.90	19.00
	Effective	15	35.70	35.70	54.80
	Highly effective	19	45.20	45.20	100.00
	Total	42	100.00	100.00
Digital analysis
Valid	Ineffective	1	2.40	2.40	2.40
	Not sure	6	14.30	14.30	16.70
	Effective	15	35.70	35.70	52.40
	Highly effective	20	47.60	47.60	100.00
	Total	42	100.00	100.00
Data mining
Valid	Ineffective	3	7.10	7.10	7.10
	Not sure	6	14.30	14.30	21.40
	Effective	20	47.60	47.60	69.00
	Highly effective	13	31.00	31.00	100.00
	Total	42	100.00	100.00

Source(s): Survey

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