PwC survey shows your biggest dangers are from your own staff and your frenemies
by Jack Large
Reported global economic crime hits record levels
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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 per cent of its revenue to occupational fraud and abuses every year, representing $3.7 trillion globally… Read more about Fraud Prevention
How technology will determine future role of business
by Bija Knowles
What are some of the key technology trends likely to disrupt business over the next three years?
Cyberattacks triple in financial services sector in past 5 years
by Bija Knowles
Cybercrime has a greater impact on financial services than on any other industry, with greater costs and a higher attack rate, according to research by Accenture and the Ponemon Institute
5 actions to protect accounts from fraud
by Bija Knowles
Last year, identity fraud rose to record levels in the US, affecting about seven per cent of American consumers. These five actions can help to protect both consumer and business accounts
More than IT investment needed to protect firms from cyberattack
by Bija Knowles
Companies have a roughly 50 per cent chance of being targeted by cybercrime but few are highly prepared – and new research shows the more spent on IT, the better protected the organisation
Email fraud comes at a high cost: who’s to blame?
by Bija Knowles
With huge databases of personal security credentials and passwords now publicly available on the dark web, emails are an increasingly unsafe way to conduct financial business
Why complying with new beneficial ownership requirements will require specialized analysis
by Jeremy Gram, Senior Associate, Prescient
Prescient show that simple database checks in due diligence programmes are often not enough to unravel who really owns a company
‘Fraud Analytics: - complete self-assessment guide’ shows how to tackle fraud
by CTMfile
Book by Gerard Blokdijk provides a Fraud Analytics roadmap on how to understand and move forward in the right direction, based on verifiable data
Know and understand yourself, or fail in fraud control
by CTMfile
Self assessment in fraud control is essential in war against all kinds of fraud - cyber fraud, occupational fraud, corruption and bribery, etc.
All-time high incidence of fraud, cyber incidents, and security breaches
by CTMfile
Kroll’s 10th Annual Global Fraud & Risk Report 2017/18 shows that there are major repercussions from current levels fraud-related losses; confidential information is increasingly under threat
ThreatMetrix Cybercrime Report 2017: Digital ID is key to minimising cyberfraud
by CTMfile
Most lucrative time for a fraudster or criminal network is the period right after a breach has happened, and before it has been discovered or reported
CFOs focus on reducing operational costs
by Bija Knowles
Chief financial officers are faced with expanding responsibilities when it comes to driving corporate growth – but taking cost out of the business is an overall priority
Cybersecurity is all about trust, but who do you trust?
by CTMfile
Remove TRUST GAPS between board & company & business units & IT cybersecurity & external vendors/suppliers & government AND with technology providers
10 corporate priorities for 2018: cyberattack is #1
by Bija Knowles
Cyberattack is the greatest threat to markets in 2018 but company directors should also be focusing on corporate social responsibility, boardroom diversity and shareholder activism
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
Get 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
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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'
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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
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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