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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…

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Fraud Prevention

SWIFT to roll out KYC Registry to non-SWIFT banks

by Kylene Casanova

From September, SWIFT will open up membership of its KYC Registry, used by nearly 4,000 correspondent banks and funds players, to all supervised financial institutions

Fraud Prevention

How to limit financial impact of a cybersecurity breach

by Kylene Casanova

From a stock price tumble, to losing customers and millions in revenue loss, there are some preventative actions against a cybersecurity attack that companies can't afford not to put in place

Fraud Prevention

Focus on risk as 4th AML directive comes into effect

by Kylene Casanova

The 4th EU AML Directive entered into national law yesterday, with clear guidelines on how banks should tackle crime, but huge obstacles remain, including cost, IT and personnel

Fraud Prevention

6 ways to protect your data from ransomware

by Kylene Casanova

These six steps will help organizations protect themselves and reduce the impact of a ransomware attack, following the unprecedented WannaCry attack in 150 countries at the end of last week