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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
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
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
by CTMfile
Self assessment in fraud control is essential in war against all kinds of fraud - cyber fraud, occupational fraud, corruption and bribery, etc.
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
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
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
by CTMfile
Remove TRUST GAPS between board & company & business units & IT cybersecurity & external vendors/suppliers & government AND with technology providers
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
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
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
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
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'
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
by Jack Large
A button to report suspicious e-mails, use hackers to expose your vulnerabilities, real-time monitoring, biometric authentication + prevention methodologies
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
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
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
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
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
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
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
by Jack Large
Quantum computing is requiring an overhaul of our cryptographic tools, claims ISARA, nevertheless discipline to avoid self-inflicted fraud still needed
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
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