EU R&D project targets international cybersecurity certification standard
by Ben Poole
With €3m funding, CaixaBank is heading up the finance side of the project.
Home » Sections » Fraud Prevention » Minimizing Fraud Procedures
Minimizing Fraud Procedures
Background
Corporate treasury departments need a fraud prevention strategy that not only keeps pace, but is one step ahead of the fraudsters. To be truly effective, systems and processes needs to be able to spot fraud as they are developing – not just identify them once they're active. It is essential… Read more about Minimizing Fraud Procedures
Moody’s report assesses credit impact of cyberattack on Travelex
by Ben Poole
The attack on its online business, forcing manual operations, is a credit negative.
QIIB selects IBM AI fraud prevention solution
by Ben Poole
The Qatari Islamic bank will use the tool to try to intercept fraudulent activities before they happen.
Integration remains largest hurdle to AI adoption in banking and payments
by Ben Poole
45% of AFP Conference attendees cite integration with existing systems the main AI issue, Bottomline finds.
Criminal investigations into Deutsche Bank employees in connection with ‘Regula’ closed
by Ben Poole
Deutsche Bank sold Regula in March 2018.
AFP survey finds 88% of organisations targeted by cybercrime in past 18 months
by Ben Poole
90% of corporate practitioners report that the emphasis on cybersecurity has increased in the past three years.
EastNets survey suggests over 4 in 5 banks have been targeted by cybercriminals on the SWIFT network
by Ben Poole
Only 20% of banks say that internal departments collaborate 'very strongly' to prevent fraud.
Standard Chartered launches mobile tokens for business banking, commercial and institutional clients
by Ben Poole
The tokens will soon be available to over 100,000 corporates.
DBS partners with Exiger to tackle evolving risks of financial crime
by Ben Poole
The bank plans to use an automated AI-powered solution to enhance customer screening processes.
Standard Chartered and Quantexa to tackle financial crime with contextual decision intelligence
by Ben Poole
The partnership provides the bank with a platform to conduct complex financial thematic investigations.
SWIFT Customer Security Programme wins cybersecurity award
by Ben Poole
The CSP was launched a couple of years ago to drive industry-wide collaboration in the battle against the cyber threats.
Mastercard launches Threat Scan to assess bank fraud exposure
by Ben Poole
The solution is designed to identify authorisation system vulnerabilities for issuers before exploitation and fraud loss can occur.
HSBC deploys advanced financial crime detection systems
by Ben Poole
The system is designed to tackle the money laundering opportunities that criminals see in the complex world of global trade.
Accuity data reveals increased complexity of sanctions compliance and implications for global trade
by Ben Poole
Sanctioned entities have increased 37% over the past five years.
Nets and KPMG partner to launch AI-powered payment fraud prevention solution
by Ben Poole
Nets Fraud Ensemble uses machine learning to reduce fraudulent transactions by up to 40%.
Elavon selects Featurespace to launch fraud prevention capabilities and support PSD2 adoption
by Ben Poole
The fraud network is designed to help merchants to detect fraud and simplify the online checkout experience.
Entrust Datacard and JPMorgan Chase partner on email authentication
by Ben Poole
The Verified Mark Certificate is designed to help customers differentiate legitimate bank emails from phishing scams and spam.
Is no fraud possible?
by Jack Large
Probably not, but understanding the realities, and using simple best practices and effective technology will minimise your fraud
Visa introduces security suite to prevent and disrupt payment fraud
by Ben Poole
New payment security services to help defend against emerging and evolving threats targeting financial institutions and merchants.
Fraud is rampant but still UK’s FCA agrees to postpone SCA rules
by Jack Large
Threat to 25% of e-commerce transactions drives postponement when will EBA relent and accept reality?
Australia sees a decline in payment card fraud rate
by Ben Poole
The AusPayNet data has shown a decline in the rate of fraud for the first time since reporting of card fraud commenced in 2006.
Eftsure secures additional funding to fight payment fraud
by Ben Poole
The fintech plans on expanding its product suite to cover international payment verification.
UK Payment Systems Regulator sets implementation date for Confirmation of Payee
by Ben Poole
The move is designed to protect customers from Authorised Push Payment scams.
Who is responsible for detering payment fraud & cyber risk?
by Jack Large
PwC’s advice on how to go about it