5 ways to protect your data from a supply chain cyber attack
by Kylene Casanova
Almost four out of 10 companies have experienced a data security breach within the past year - but the biggest threat comes from third parties.
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 moreEBA backs proposal to bring virtual currency, pre-paid cards within 4th AML Directive
by Kylene Casanova
The European Banking Authority has published its response to the EC's proposal to bring virtual currency exchange platforms and pre-paid cards within the scope of the 4th Anti-Money Laundering Directive.
UK saw Europe’s largest jump in card fraud losses for 2015. Most of 18% rise from online
by Kylene Casanova
FICO report showed increases in most countries studied with Greece, Denmark, France and Russia posting the highest rises after the UK, AND significant differences in types of fraud/country
Ten essential cash and treasury management questions for August 2016
by Kylene Casanova
Questions that will lead to action in today’s complex and regulated world
Compliance isn’t working: can war games help prevent financial crime?
by Kylene Casanova
Despite huge investment in compliance, levels of economic crime are growing. New thinking is needed. Could war game simulations help companies prepare for and respond to crime more effectively?
‘How customizing your fraud prevention can increase your bottom line’
by Kylene Casanova
Kount and Blue Snap show how tight fraud control can enable merchants to grow revenue without worry and at same time cut costs
How to protect your business in cyberspace
by Kylene Casanova
Four resources that businesses can use to protect themselves from cyber crime
Cyber fraud prevention - the vital questions for your board
by Kylene Casanova
UK’s NCA Strategic Cyber Industry Group concluded: “Perfect security is almost impossible”, so your board better have appropriate answers to these questions or are you already in big trouble?
‘Cyber Crime Assessment 2016’ report - UK losing the cybercrime arms race
by Kylene Casanova
Stronger partnership between law enforcement, government and business is essential to mimimise fraud but “Perfect security is almost impossible”
Who is going to be in charge of digital identity? The banks?
by Kylene Casanova
What can banks offer in the debate over digital identity as the race for dominance continues
‘Landmark’ report coordinates financial market response to cyber crime
by Kylene Casanova
The first internationally agreed guidance on cyber security for the financial industry has been published by two financial markets authorities.
“The balancing act of managing fraud”- CyberSource Report shows how
by Kylene Casanova
Minimise fraud losses by reducing no. of fraudulent transactions; maximise revenue - ensure genuine orders are recognised and processed easily and speedily., whilst keeping operational costs to the minimum
Cheque is still greatest treasury fraud risk for corporates
by Kylene Casanova
A report by Strategic Treasurer and Bottomline Technologies has found that the most-reported attempted fraud for corporate treasury is the good old cheque, reported by 39% of companies.
Develop your own methodology for minimising fraud across your whole organisation
by Kylene Casanova
Every organisation is unique, pick from what the leading spy catchers, governments and other experts recommend to develop your own way of working
How vulnerable is your company/vendors to cybersecurity hacks? Do you really know?
by Kylene Casanova
Cybersecurity metrics are essential in managing your actual security risk, it is NO GOOD relying on what you believe to be in place. AND remember: “There is no guaranteed security, only less risk.”
Banks join forces on ledger to beat trade finance fraud
by Kylene Casanova
Standard Chartered and DBS Group Holdings have announced their collaboration on developing a trade finance invoicing system based on distributed-ledger technology.
Treasurers have more strategic role but still struggle with core tasks - survey
by Kylene Casanova
A survey by Kyriba and the ACT has found a mixed picture of increasingly strategic roles for corporate treasury, together with continuing challenges in global cash visibility and fraud.
SWIFT in second cyber attack, TPBank also targeted by fraudulent SWIFT messages
by Kylene Casanova
Following the Bangadesh Bank heist in February, on Friday SWIFT announced further attacks by cyber criminals using malware to defraud banks. Now Vietnam's TPBank says it has interrupted an attack.
SWIFT issues statement refuting Bangladesh Bank hack allegations
by Kylene Casanova
SWIFT has issued a joint statement with the New York Fed and Bangladesh Bank but doesn't address the issue of how $81 million was stolen and which party was liable for the security breach.
Fighting fraud in your mobile channel
by Kylene Casanova
Mobile payments are becoming an integral part of receivables for many companies but few have struck the right balance between online security and a sleek customer experience. Fingerprints could be the answer.
Thomson Reuters KYC surveys of FIs & corporates reveal escalating costs/complexity
by Kylene Casanova
“89% of corporates have not had a good KYC experience, and 13% had changed their financial institution relationship as a result”. Each FI is spending on average $60m and some upto $500m annually on KYC
5 ways treasury can support business in the digital economy
by Kylene Casanova
Research by McKinsey looks at the economic impact of the shift towards the globalisation of big data and what this means for multinational companies.
A Password Is Not Enough, but at least improve your passwords
by Kylene Casanova
Seven password experts on how to lock down your online security
e-Identity 02: Impact of a Global Trust Network
by Kylene Casanova
John Bullard, IdenTrust’s Global Ambassador, discusses how a GTN will facilitate inter-operability across the digital world and why digital e-Identities could re-invent the role of the bank in the 21st century