OpenTreasury #4 - Top Treasury News: AFP Risk Survey, Man-in-the-Middle Attacks, Citi’s Research, and ESG Climate Change
by CTM News Team
Host Jack Large sits down with Craig Jeffery and Ben Poole to review the latest treasury news and developments.
Fraud Prevention
Background
Fraud is wrongful deception for financial gain. The global levels of fraud are huge and growing: according to the Association of Certified Fraud Examiners (AFCE) in the USA, a typical business loses 5…
Read moreFraud: Man in the middle attacks
by Kylene Casanova
Defending against adaptive MITM threats begins with a security mindset and continues through training and process controls
20 Best practices for cyber ATTACK survival
by Jack Large
Payments P20 report brings together vital advice from key players in MUST READ list
COVID fails to stop fall in operational risk losses reported by global banks
by Ben Poole
Figures from ORX show that gross losses, number of events and operational risk loss as a percentage of income were all down last year.
Pandemic working practices expose underfunded cyber defences
by Ben Poole
EY research finds 56% of businesses have sidestepped cyber processes to facilitate requirements around remote working.
Minimising fraud is still about the basics, even with latest technologies
by Jack Large
During the pandemic, fraud has soared, making the need to focus on the basics AND more in-depth real understanding of what is happening
Treasurers plan rapid digital transformation to survive and thrive
by Jack Large
New technology report from GTreasury shows key trends, must have capabilities, and what dislike
UK businesses voice concerns over barriers to international commerce
by Ben Poole
Bottomline research finds international payments predicted to decrease further.
Better ways to detect and disrupt financial crime
by Ben Poole
New research commissioned by SWIFT Institute analyses the current financial transaction monitoring model and suggests opportunities for the future.
Fraud – the biggest danger is your own staff and contractors
by Jack Large
Don’t forget the basics in fraud prevention
Making KYC checks easier for corporates
by Ben Poole
KYC checks can be a source of inefficiency for corporates with multiple banking partners. SWIFT’s KYC Registry aims to streamline these processes.
65% of financial professionals blame pandemic for increase in payments fraud
by Ben Poole
The 2021 AFP Payments Fraud and Control Survey, underwritten by J.P. Morgan, found business email compromise fraud attempts at 62% of companies.
ICFR driving financial reporting efficiencies
by Ben Poole
Beyond regulatory compliance, a KPMG report finds corporates in Abu Dhabi are benefitting from standardised processes and new business models.
91% of UK CEOs concerned about cyber threats
by Ben Poole
PwC research also found 67% of UK CEOs plan to increase long-term investment in cybersecurity and data privacy as a result of COVID.
Continuous KYC: How to know what is really going on at your suppliers & customers
by Jack Large
AMPLYFI’s deep search really digs the key detail
Corporates accelerating adoption of cyber defences
by Ben Poole
Firms fight back against pandemic-driven fraud increases with automation and accountability.
Cybersecurity solutions to stop the fraudsters
by Ben Poole
Mastercard is the latest to upgrade its cyber offerings for businesses.
On the 12th day of Christmas my true love gave me the key questions for 2021
by Jack Large
For the difficult and bumpy year 2021 is bound to be, the key questions are:
On the sixth day of Christmas my consultant told me how to:
by Jack Large
Improve my fraud prevention and minimise our cyber security breaches
Ten Spanish companies partner on digital identity project
by Ben Poole
Blockchain-based Project Dalion has completed its concept test, and the second phase of the project begins this month.
EBA makes AML and ESG moves
by Ben Poole
The European Banking Authority has issued guidance on the enforcement of AML rules and launched a consultation on ESG risks.
Mastercard deploys AI to tackle cyber security
by Ben Poole
Its Cyber Secure solution aims to advance a set of integrated cyber capabilities for banks and their businesses.
Cybersecurity and fraud detection in the COVID-19 age
by Ben Poole
A recent SWIFT webinar explored how technology and awareness can help defend against payment fraud.
Cybersecurity coming of age
by Ben Poole
PwC research finds 96% of executives have shifted their cybersecurity strategy due to COVID-19 and 40% are accelerating digitisation.