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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

Vendor on-boarding and compliance made easy

14th May 2019 by Jack Large

Checklist from VendorInfo shows how

Which Digital Identity systems should you use?

10th May 2019 by Jack Large

Bank-ID? ThreatMetrix? to be sure that you are talking to the right person

‘Blockchain bandit’ exploits weak private keys

24th Apr 2019 by Graham Buck

A security test of the cryptocurrency Ethereum has exposed technology flaws that enabled a thief to access accounts.

Fighting fraud: latest advice

23rd Apr 2019 by Jack Large

Email vulnerabilities; protecting against payment fraud; beware 3DSecure; fraud underground shop; stopping chargebacks; fraud myths....

Payments & fraud keeping CFOs awake at night

15th Apr 2019 by Jack Large

AFP 2018 Payments Fraud Survey shows major concerns and opportunities

Fraud: detect anomalies as they happen

11th Apr 2019 by Jack Large

Aite study reviews how to use machine learning platforms and to reduce false positives by 63%, & increase CNP fraud detection by 177%

SWIFT report shows new modus operandi in cyberfraud

10th Apr 2019 by Jack Large

Report reveals new modus operandi: mostly USD based; which beneficiary accounts used; payment value decreased; extended reconnaisance

Turn card chargebacks into good news

3rd Apr 2019 by Jack Large

Verifi launches Self-service Chargeback Representment service to enables merchants to fight disputes quickly & efficiently

BEWARE: One in 36 mobile devices has high risk Apps installed

1st Mar 2019 by Jack Large

Symantec Internet Security Threat Report February 2019 reveals scary picture world-wide

Mastercard and Global Cyber Alliance partner on cybersecurity toolkit for SMEs

19th Feb 2019 by Graham Buck

Huge operational challenges in 2019 as technology impact grows

11th Feb 2019 by Jack Large

Survey shows that blockchain could offer major benefit for payments; cybersecurity major problem but 48% don’t offer inhouse training

Fraud balance: attract customers while minimising fraud & costs

6th Feb 2019 by Jack Large

Cybersource ‘2019 Global eCommerce Fraud Management Report’ shows how to get balance in e-commerce right between keeping customers and

Have a happy Xmas: minimise your Cyberfraud

17th Dec 2018 by Jack Large

Earn your christmas bonus - use this list of lists to eliminate cyberfraud losses

35,000 CFOs targeted: this is how London Blue works

5th Dec 2018 by Bija Knowles

A cyber criminal group has a list of about 35,000 CFOs, used to target financial professionals with costly BEC scams worth $12 billion

Bank tech outages up 138% but cyberattack not main threat

28th Nov 2018 by Bija Knowles

Over-confidence in change management is main cause of financial services IT outages according to the Financial Conduct Authority

Fraud: Scary crime stats; Global economies; Don’t care; McKinsey way

27th Nov 2018 by Jack Large

Terrifying cyber crime statistics; Destabilizing economies; Employees don’t care; Holistic approach needed at all levels

E-payment fraud to double by 2023, driven by data theft

22nd Nov 2018 by Bija Knowles

Online payment fraud losses could more than double in the next five years, reaching $48 billion by 2023

Cyber attackers could target world’s financial markets - report

20th Nov 2018 by Jack Large

SWIFT & BAE Systems cyber threats report shows risky future for securities markets and trade finance

Fraud to peak this month, devices a weak spot

15th Nov 2018 by Bija Knowles

Fraud is a challenge for merchants as Thanksgiving gives criminals much to celebrate but legacy systems mean even biometrics is a risk

Ransomeware: DON’T pay cybercriminals, it will only encourage them

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One and a half years after its epidemic, WannaCry ransomware still tops list of most widespread cryptor families and ransomware

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Latest solutions: Adopt strategic approach; Imposter fraud prevention; Treasurer’s role in cybercrime prevention; Cutting out ’sleeping

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Don’t run your fraud control on these popular and stupid beliefs

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Digital transformation brings risk, exposing companies to higher and more costly cyber risks, according to a report by ESI ThoughtLab