Your biggest enemies – cyber criminals – worry about cash flow too
by Kylene Casanova
Cyber criminal organisations are methodical, structured and highly motivated, which means we should all be taking online security very seriously indeed
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 moreCybersecurity performance can be managed, but only if measured
by Kylene Casanova
Creating and Measuring Effective Cybersecurity Capabilities - The Cybersecurity Risk Handbook
Banks turn to regtech as new risks arise in compliance environment - survey
by Kylene Casanova
A survey by SWIFT and Dow Jones Risk & Compliance suggests that three-quarters of anti-money laundering (AML) professionals working in banks see new risks and challenges for preventing financial crime
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
Minimise your fraud: use these Cybersecurity tips & ideas from THE experts
by Kylene Casanova
THE Cybersecurity reports and sources you should use to minimise cyber fraud and other fraud
Attack the Humans! They are to blame for much of corporate finance scams
by Kylene Casanova
Verizon’s data breaches report shows the dynamics of cyber fraud and what to do about breaches in each industry sector
Cyberattacks using ransomware up 50%, financial services at risk
by Kylene Casanova
Ransomware attacks on companies increased by 50 per cent last year - and financial services is most-targeted industry
Four global trends that will alter how we fight financial crime
by Kylene Casanova
Regulation, political turbulence and evolving operational challenges are making 2017 a challenging year for those in the front line in fighting financial crime – including corporates and banks
Tips for detecting fraud in your accounts payable
by Kylene Casanova
Fraud can cost companies 5 per cent of revenues a year. Reduce this with analysis tools, vendor due diligence and employee awareness – while a hotline for tip-offs is surprisingly effective
e-commerce reaching limit?: USD 2.9 trn Chinese payments but UN trust concerns
by Kylene Casanova
Alipay, Wechat Pay made record USD 2.9 trn online payments in China in 2016, whilst another UN survey reveals that Internet users are increasingly concerned about their online privacy and lack of trust in e-commerce
Move to immediate payments - the dangers and opportunities
by Kylene Casanova
As USA moves to same day ACH debits how will your systems cope?
Does your board need to be trained on cybersecurity?
by Kylene Casanova
NACD online training course might be just what they need
Guidelines clarify AML/CFT rules for EU funds transfers
by Kylene Casanova
The EU's banking and financial markets authorities have launched a public consultation on the abuse of funds transfers for the use of terrorist financing and money laundering
UK’s new Criminal Finances Bill will increase focus on corporate compliance
by Kylene Casanova
The Criminal Finances Bill will create two new corporate offences of failing to prevent the facilitation of tax evasion. Companies will need to put prevention procedures in place and increase compliance
Would you offer cash to win business? 1/3 of corporate employees would
by Kylene Casanova
77% of business leaders would justify unethical behaviour to help business survive – so how can you tackle corrupt practices? Here are 5 ways to instil ethical behaviour throughout your company
Payments fraud an increasing problem for corporates
by Kylene Casanova
The percentage of companies experiencing actual or attempted payments fraud in the US has been increasing steadily for the past four years, now reaching a high of 74 per cent
4 cybercrime trends: data breaches up 86%, only 6% of data encrypted
by Kylene Casanova
2016 saw a huge increase in data breaches, which increased by 86 per cent compared to 2015, with almost 1.4 billion data records being compromised worldwide during 2016
Are your payments safe from these 8 cyber risks?
by Kylene Casanova
Do you know the eight types of cybercrime that could affect your payments and financial operations? An EPC report gives some detailed analysis on how to mitigate cyber fraud risks
What do Chinese toilets tell us about cyber attacks?
by Kylene Casanova
A news story about facial-recognition software used to dispense loo-roll in China reminds us that technology may not always be able to overcome human fallibility
The end of the dongle? The end of the token? ……. NOT YET
by Kylene Casanova
CitiDirect BE® enhances clients’ experience by leveraging their personal mobile devices for convenient, secure authentication
To buy or to build? Key questions on choosing a fraud management tool
by Kylene Casanova
A report by Kount looks at the pros and cons of buying compared to building a fraud prevention system, concluding that there are instances where companies can benefit by building components in-house
In fraud & corruption, organisations prone to believe ‘alternative facts’
by Kylene Casanova
Study finds large disconnect between perception and reality of fraud in most organisations
How SWIFT is helping banks to respond to cybersecurity breaches & vulnerabilities
by Kylene Casanova
SWIFT Security Bootcamp Singapore 2017 - build capability to respond to banking cyber threats
Post ABB fraud: Use these checklists to save your job
by Kylene Casanova
Have you checked your corporate treasury department security gaps? Constant vigilance and improvement in controls & procedure is essential, even well run companies are vulnerable