Payments industry learns from coordinated cyber ‘war games’
by Bija Knowles
Some of the biggest names in payments have participated in a simulated cyberattack to uncover the weaknesses in their response plans
Home » Sections » Fraud Prevention » ID Systems & Services in Fraud Prevention
ID Systems & Services in Fraud Prevention
Background
Regulatory compliance, combined with the globalization and the online nature of business today has made identity management a major issue. One of the biggest problems in preventing fraud is being sure that the individuals participating in a transaction are who they say they are and have the authority… Read more about ID Systems & Services in Fraud Prevention
Finance #1 target for cybercrime, software is key weakness
by Bija Knowles
The financial industry is a prime target for cyber criminals, while legacy systems and the software supply chain are key weakness
Tackling the cybersecurity threat in treasury
by Bija Knowles
It's Cybersecurity Awareness Month in the US: an opportunity to refresh ideas on cybersecurity in the corporate treasury department
A third of companies not insured for data breaches
by Bija Knowles
One in three companies would prefer to pay a hacker's ransom fee rather than invest in IT security and insurance
5 areas influencing the cyber threat landscape
by Bija Knowles
Cyberattacks on organisations and infrastructure are likely to increase in number and scale, with five key areas driving the growth
Legitimate procurement + accounting letters? Or cyberattack?
by Bija Knowles
Hundreds of corporates have been receiving what appear to be real procurement and accounting letters – actually sent by cyber criminals
Deutsche and Oracle accelerate move away from paper work
by Bija Knowles
Deutsche Bank and Oracle Financial Services both introduce digital signature and finance solutions to ease paper burden for corporates
6 security considerations for using work devices on holiday
by Bija Knowles
For those who have to connect to work devices while away, certain online security precautions shouldn't be overlooked
Key questions to protect treasury from cyber threats
by Bija Knowles
The EACT has published a guide to ensuring your company is protected from cyber threats
Is your pensioner still alive?
by Jack Large
New technologies can be the solution but………..
How to detect and prevent fraud ….. Sometimes
by Jack Large
Latest reports from - Ravelin, TIS, and Kount - and their good ideas plus vital fraud prevention checklists
What will it take to stop the breaches?
by Jack Large
Protecting data and ID is THE problem in business today
Financial crime: vital to screen all suppliers regularly
by Jack Large
Thomson Reuters 2018 Survey Report - Reveals the true cost of financial crime: 3.1% of annual turnover and much more in many other ways
Fraud prevention rates rise as cybercrime tactics evolve in Europe
by Bija Knowles
High use of mobile devices and evolving fraudster tactics in Europe may be behind a rise in cybercrime attacks but rates of prevention and detection have increased 30 per cent year-on-year
Treasury is prime target for cyber-criminals
by Bija Knowles
While most corporate treasurers say their companies are implementing basic security measures, serious gaps in corporate cyber defence remain, according to a report by the EIU
Card fraud trends: EMV security drives fraud online
by Bija Knowles
EMV has tackled card fraud but criminals are focusing elsewhere, including prepaid cards and online ID verification methods, aided by data breaches and the criminal exchange of consumer data
Financial penalties don’t stop corruption in business – EY
by Bija Knowles
Despite more than US$11 billion of financial penalties issued since 2012, 38 per cent of global executives still believe bribery and corrupt practices remain prevalent in business
Greater collaboration needed to tackle growing cyber threat
by Bija Knowles
Greater organisational collaboration in the financial services sector and working alongside law enforcement and government agencies are central to beating cyber criminals
Top 10 cybersecurity vulnerabilities and exploits threatening corporate systems
by Bija Knowles
What digital threats do companies face today? Ignoring new software security patches, unsupported systems and a lack of strong permission and user access controls are all part of the problem
Five steps to improve your company’s resilience to cyberattacks
by Bija Knowles
Companies are getting better at preventing cyberattacks on their data and IT systems, with 87 per cent of attacks now being blocked, compared to 70 per cent in 2017
CFOs take lead in implementing blockchain fintech
by Bija Knowles
Most financial organisations are already adopting blockchain technology or are considering how to do so. And the CFO is often the primary decision-maker for new blockchain-based fintech
Payments fraud at record high, treasurers on alert – AFP survey
by Bija Knowles
Payments fraud touched a new high last year, with almost 80 per cent of all companies reporting at least one case of payments fraud in 2017, according to the 2018 AFP Payments Fraud Survey
80% of FTSE 100 companies don’t disclose cyber risk testing
by Bija Knowles
FTSE 100 firms are upgrading their approach to cyber risks by appointing IT security experts to executive boards but only a fifth are reporting on how they test for cyber risks internally
Complacency and competitors: what’s behind DDoS attacks
by Bija Knowles
The 'It won't happen to me' mentality is misplaced and complacent when it comes to cyberattacks that disrupt business operations – and many firms believe competitors are behind DDoS attacks