Essential guidelines in the fight against corporate corruption
by Bija Knowles
The International Chamber of Commerce has launched a tool to provide guidance for companies on corporate responsibility, due diligence and how to tackle corruption
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 moreGet the ‘Cloud zoo’ under control to keep data secure
by Bija Knowles
The adoption of Cloud-based services and a lack of well-defined security strategies are two of the factors that mean companies are struggling with their data. GDPR will make this an urgent matter
In 2018 evolution speeds up as payment fraud declines and Bitcoin hits reality
by Bob Stark , VP Strategy, Kyriba Corporation
Bob Stark, VP Strategy at Kyriba makes his 2018 predictions on: Payments fraud, Faster payments, Hedging, Lease accounting, CISO and treasury, Robotics and Tax reform
6 ways to tackle insider threats to your cybersecurity
by Bija Knowles
Hackers aren't always to blame for corporate security breaches. Research suggests that two in five data breaches are not caused by external cybercriminals but by an 'insider threat'
Hacking is a huge industry; do you have a grip on cybersecurity?
by Bija Knowles
Panellists in the 'Fighting fraud' session, at BNP Paribas's Cash Management University in Paris last week, said that the problem is probably even bigger than we imagine
New and important ideas for preventing cyberfraud
by Jack Large
A button to report suspicious e-mails, use hackers to expose your vulnerabilities, real-time monitoring, biometric authentication + prevention methodologies
Business networks vulnerable to evolving ransomware
by Bija Knowles
Corporate networks and business users are increasingly in the crosshairs of cybercriminals, with more than a quarter of ransomware attacks in 2017 targeted at businesses
The dark side of Black Friday and Cyber Monday
by Bija Knowles
There are some pretty good reasons to avoid having anything to do with the cut-price spending splurge but retail businesses take a double-hit of discount fatigue and increased fraud risk
Cybersecurity is Achilles heel of Asian corporates
by Bija Knowles
Nearly half of all Asia Pacific corporates have experienced a cybersecurity threat in the past year but only 15 per cent are certain no breach has occurred
Actions for next week: Cybersecurity - How to protect yourself from The Human Factor
by Dan Blumen , Founding Partner, Treasury Alliance Group
All the technology in the world won't protect you from 'staff leaving gate unlocked'. Complete set of policies backed by procedures to protect department are needed
Don’t do an Uber; prepare for the aftermath of a data breach
by Bija Knowles
Few corporates are confident of their ability to detect sophisticated cybercrime but a strategy to respond to a data breach and comply with legal obligations should be part of every corporate plan
E-signatures boosting business productivity
by Bija Knowles
Software as a service (SaaS) is making the implementation of e-signatures faster to deploy, while the use of e-signatures is reducing errors, improving productivity and reducing staff hours
53% of companies would change a third-party relationship if risk was too high
by Bija Knowles
High-profile cyberattacks and new cybersecurity-related regulations are changing the way companies are viewing not only their own cybersecurity risks, but also those of third parties
“Large-scale quantum computing could render current cybersecurity systems futile”
by Jack Large
Quantum computing is requiring an overhaul of our cryptographic tools, claims ISARA, nevertheless discipline to avoid self-inflicted fraud still needed
How confident is your bank on preventing fraud?
by Bija Knowles
The 2017 Faces of Fraud Survey, conducted by iSMG in collaboration with Vasco, suggests that the majority of banks (87 per cent) don't identify fraud in real time
UK Finance warns of push payment scams danger
by Bija Knowles
UK Finance, the association for the UK banking, payments and financial sectors, has warned that companies and consumers lost more than £100 million to transfer scams in first six months of 2017
Sunlight Payments platform = SWIFT GPI on steroids
by Jack Large
Sunlight Payments will revolutionize the way charitable organizations and NGOs around the world manage and track their payments and grants
Cyberattacks: do you know when you’ve been hit?
by Bija Knowles
It's not always instantly obvious that cybersecurity has been breached but detection and response times are critical because immediate detection reduces the average cost of recovery dramatically
The problems with KYC: too long, inconsistent, security, no standard
by Bija Knowles
Research highlights several problems with the KYC process globally, including excessive contact from financial institutions, inconsistent requests and security concerns
Is your CFO failing to deliver?
by Jack Large
Are they really a “strategic business partner to the board of directors”? New survey finds that CFOs aren’t always delivering
Just 28% of FSOs have unified approach to customer authentication
by Bija Knowles
Customer authentication needs a more coordinated approach from banks, as just 28 per cent have a unified approach to cross-channel authentication management
AML & TF: Cash, retail banking & money transfers remain favourite instruments
by Jack Large
UK Government National Risk Assessment 2017 concludes that e-money - medium impact and digital currencies - low impact. Overal UK is making good progress
Cyberfraud is out of control, “New York Federal Reserve almost lost $1billion” allegedly
by Jack Large
Do we need hackers to protect us? But when countries are involved why bother?
Majority of companies unprepared for cyberattacks
by Bija Knowles
The consequences of suffering a cyberattack are serious, from costly and reputation-damaging disruption to operations, to data breaches – so why are so few companies preparing properly?