Sunlight Payments platform = SWIFT GPI on steroids
by Jack Large
Sunlight Payments will revolutionize the way charitable organizations and NGOs around the world manage and track their payments and grants
Home » Sections » Fraud Prevention
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
Cyberattacks: do you know when you’ve been hit?
by Bija Knowles
It's not always instantly obvious that cybersecurity has been breached but detection and response times are critical because immediate detection reduces the average cost of recovery dramatically
The problems with KYC: too long, inconsistent, security, no standard
by Bija Knowles
Research highlights several problems with the KYC process globally, including excessive contact from financial institutions, inconsistent requests and security concerns
Is your CFO failing to deliver?
by Jack Large
Are they really a “strategic business partner to the board of directors”? New survey finds that CFOs aren’t always delivering
Just 28% of FSOs have unified approach to customer authentication
by Bija Knowles
Customer authentication needs a more coordinated approach from banks, as just 28 per cent have a unified approach to cross-channel authentication management
AML & TF: Cash, retail banking & money transfers remain favourite instruments
by Jack Large
UK Government National Risk Assessment 2017 concludes that e-money - medium impact and digital currencies - low impact. Overal UK is making good progress
Cyberfraud is out of control, “New York Federal Reserve almost lost $1billion” allegedly
by Jack Large
Do we need hackers to protect us? But when countries are involved why bother?
Majority of companies unprepared for cyberattacks
by Bija Knowles
The consequences of suffering a cyberattack are serious, from costly and reputation-damaging disruption to operations, to data breaches – so why are so few companies preparing properly?
Real-time payment fraud detection backstop from Kyriba
by Jack Large
Breakthrough that corporate treasury needs: real-time detection of specified non-compliant behaviour just before the payment is made
Not if but when: DDoS attacks pose threat to financial data
by Bija Knowles
Corporate data is increasingly under threat from distributed denial of service (DDoS) attacks, which have risen by 33 per cent, according to Kaspersky Labs
Vital cybersecurity and data-security insights for CYA
by Jack Large
Equifax hearing reveals some ideas for data security, but should you be worrying about your competitors and under reporting
Another weak link in cybercrime prevention? Look to your industrial IT systems
by Bija Knowles
Manufacturing companies are the most susceptible to cyber attacks, according to data released by Kaspersky Lab
Financial fraud lower in 2017, two-thirds of fraud prevented
by Bija Knowles
The loss from financial fraud was £366.4 million in the first half of 2017, according to figures from UK Finance
4 actions for next week: get rid of checks, inventory spreadsheets, fintech basics, protect data
by Dan Blumen, Founding Partner, Treasury Alliance Group
Dan Blumen gives his take on next week’s tasks for the busy corporate treasury department
Investigative Due Diligence solutions and platforms are your future
by Jack Large
IDD is making complex problem analysis and management possible and easy. Achieving new levels of performance and returns in many fields, e.g. managing the anti-money laundering nightmare
Suppliers and partners are biggest cybersecurity risk
by Bija Knowles
The average cost of a cybersecurity incident is growing – and the most costly breaches are due to failures of third parties such as suppliers or business partners
How to protect yourself against the 6 common characters in money laundering
by Jack Large
BAE Systems research shows that money laundering represents the fifth largest economy in the world and equates to 3 per cent of global GDP and how to protect your organisation
Bloomberg and Sthaler open up new markets with biometrics
by Jack Large
Speedy and secure recognition is vital at POS and in KYC
Is blockchain the answer to data security breaches like Equifax?
by Bija Knowles
Several factors made the Equifax data breach particularly serious and costly – so could blockchain technology help make personal identity data more secure online?
How to use manual processes and digital to protect your business from fraud
by Jack Large
Rahman Ravelli Solicitors recipe - manual + digital - is only way to solve problem
Today’s vital fraud prevention questions for the corporate treasurer
by Jack Large
Dare you complete the International Chamber of Commerce’s cybersecurity self-assessment questionnaire?
Changes to the COSO ERM Framework unveiled
by Bija Knowles
One of the most widely applied enterprise risk management frameworks – the COSO ERM framework – has been updated to keep in step with rapidly evolving global business risks
How to protect your company from chargeback fraud
by Bija Knowles
Retailers are increasingly offering customers a choice of online shopping and payment channels but this leaves them open to new types of fraud – and online chargeback fraud is a growing area
Fraud update: the nightmare continues, but new technologies offer hope
by Jack Large
Verizon: Almost half of companies fail on payment security; New techologies: use machine learning combined with AI, and behavioural analytics enable companies to fully understand and minimise cyberfraud