Top 10 reads of 2018: Fintech, Brexit and CFO behaviour
by Bija Knowles
The 10 best-read articles in 2018 highlight themes of fintech, TMS, treasury apps, payments, cybersecurity, Brexit and CFO behaviour
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
Have a happy Xmas: minimise your Cyberfraud
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
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
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
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
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
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
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
by Jack Large
One and a half years after its epidemic, WannaCry ransomware still tops list of most widespread cryptor families and ransomware
Fraud best practice: multi-faceted 24/7 vigilance is only answer
by Jack Large
Latest solutions: Adopt strategic approach; Imposter fraud prevention; Treasurer’s role in cybercrime prevention; Cutting out ’sleeping
10 Fraud Myths: insights that should drive your business
by Jack Large
Don’t run your fraud control on these popular and stupid beliefs
Cyber risks rise dramatically as companies embrace new tech
by CTMfile
Digital transformation brings risk, exposing companies to higher and more costly cyber risks, according to a report by ESI ThoughtLab
Internal accounting controls needed to fight cybercrime
by Bija Knowles
A report highlights the risk of 'fake executive emails' and how companies that fall victim could be breaking an 80-year old law
EU adopts tougher stance on money laundering
by Bija Knowles
As the dust settles on the Danske Bank scandal, the EU has announced measures to strengthen its financial rules on money laundering
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
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
Pros and cons of quarterly reporting: summary of key issues
by Bija Knowles
What financial reporting model is best for your company? Trump has backed a half-yearly model rather than quarterly
Measure corporate culture to protect bottom line
by Bija Knowles
Toxic corporate culture can impact the bottom line. CFOs and treasurers can take this into account to improve risk management
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