We are losing the battle against fraud = more new regulations and procedures
by Kylene Casanova
There is no escape: corporate treasury departments will have to cope with many more new practices and technologies
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…
Read moreThe impossible dream: just one Digital ID in today’s digital e-commerce world?
by Kylene Casanova
Who do you trust to run a Digital Identity system: Banks? Governments? Facebook? Google? Apple? LinkedIn? The clear winners will be………
4AMLD is here but EU must increase efforts to fight financial crime
by Kylene Casanova
It's estimated that 2-5% of global GDP is lost through money laundering. Now 4AMLD has become national law in the EU but more needs to be done to tackle financial crime
Focus on risk as 4th AML directive comes into effect
by Kylene Casanova
The 4th EU AML Directive entered into national law yesterday, with clear guidelines on how banks should tackle crime, but huge obstacles remain, including cost, IT and personnel
Cybersecurity is neglected by most companies in annual reports
by Kylene Casanova
A survey of annual reports published by 800 companies found that most are not providing enough data on their cybersecurity strategies and few consider it a boardroom issue
Fraud’s underground marketplace is targeting your organisation
by Kylene Casanova
Symantec Internet Security Threat Report shows fraud is a business and details the best practices to prevent each type of Internet threat
Latest tips and services for preventing cyberfraud
by Kylene Casanova
Dangers of social media, AML best practices, avoid ransomware and enhancing qualification capabilities online
UK banks look to regtech to overcome financial crime challenges
by Kylene Casanova
Should corporates have faith in their banks' security systems? Banks's legacy systems are a key weakness in fighting financial crime, while evolving criminal methods is a pervasive challenge
Is this how KYC is going to work? Give all processing to third party operators?
by Kylene Casanova
Standard Chartered Bank to join Thomson Reuters KYC Managed Service for Africa becoming fourth bank to join regional partnership to accelerate on-boarding of customers
Cybersecurity performance can be managed, but only if measured
by Kylene Casanova
Creating and Measuring Effective Cybersecurity Capabilities - The Cybersecurity Risk Handbook
Banks turn to regtech as new risks arise in compliance environment - survey
by Kylene Casanova
A survey by SWIFT and Dow Jones Risk & Compliance suggests that three-quarters of anti-money laundering (AML) professionals working in banks see new risks and challenges for preventing financial crime
6 ways to protect your data from ransomware
by Kylene Casanova
These six steps will help organizations protect themselves and reduce the impact of a ransomware attack, following the unprecedented WannaCry attack in 150 countries at the end of last week
Minimise your fraud: use these Cybersecurity tips & ideas from THE experts
by Kylene Casanova
THE Cybersecurity reports and sources you should use to minimise cyber fraud and other fraud
Attack the Humans! They are to blame for much of corporate finance scams
by Kylene Casanova
Verizon’s data breaches report shows the dynamics of cyber fraud and what to do about breaches in each industry sector
Cyberattacks using ransomware up 50%, financial services at risk
by Kylene Casanova
Ransomware attacks on companies increased by 50 per cent last year - and financial services is most-targeted industry
Four global trends that will alter how we fight financial crime
by Kylene Casanova
Regulation, political turbulence and evolving operational challenges are making 2017 a challenging year for those in the front line in fighting financial crime – including corporates and banks
Tips for detecting fraud in your accounts payable
by Kylene Casanova
Fraud can cost companies 5 per cent of revenues a year. Reduce this with analysis tools, vendor due diligence and employee awareness – while a hotline for tip-offs is surprisingly effective
e-commerce reaching limit?: USD 2.9 trn Chinese payments but UN trust concerns
by Kylene Casanova
Alipay, Wechat Pay made record USD 2.9 trn online payments in China in 2016, whilst another UN survey reveals that Internet users are increasingly concerned about their online privacy and lack of trust in e-commerce
Does your board need to be trained on cybersecurity?
by Kylene Casanova
NACD online training course might be just what they need
UK’s new Criminal Finances Bill will increase focus on corporate compliance
by Kylene Casanova
The Criminal Finances Bill will create two new corporate offences of failing to prevent the facilitation of tax evasion. Companies will need to put prevention procedures in place and increase compliance
Payments fraud an increasing problem for corporates
by Kylene Casanova
The percentage of companies experiencing actual or attempted payments fraud in the US has been increasing steadily for the past four years, now reaching a high of 74 per cent
4 cybercrime trends: data breaches up 86%, only 6% of data encrypted
by Kylene Casanova
2016 saw a huge increase in data breaches, which increased by 86 per cent compared to 2015, with almost 1.4 billion data records being compromised worldwide during 2016
Are your payments safe from these 8 cyber risks?
by Kylene Casanova
Do you know the eight types of cybercrime that could affect your payments and financial operations? An EPC report gives some detailed analysis on how to mitigate cyber fraud risks
What do Chinese toilets tell us about cyber attacks?
by Kylene Casanova
A news story about facial-recognition software used to dispense loo-roll in China reminds us that technology may not always be able to overcome human fallibility