Thomson Reuters launches a managed KYC Service
by Kylene Casanova
7,000 bank and buy-side clients are live on the service but which KYC service to use?
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 moreFraud losses on UK cards rose 16% in 2013, represents only 7.4p for every £100 spent
by Kylene Casanova
Scam, computer attacks, and deception crimes major part of rise; security s/w needed by businesses
ACL lists Fraud Risks that companies must scrutinise in 2014
by Kylene Casanova
Analyst predicts record FCPA Violation Penalties in excess of $100 million
Cyber attack - the $3,000bn threat: ALL institutions becoming more vulnerable
by Kylene Casanova
McKinsey & World Economics Forum report: how to be more resilient & what CEO should do
The new cyber security enterprise operating model required to survive
by Kylene Casanova
McKinsey&Company’s advice on cyber risk and responsibility in a hyperconnected world
Occupational fraud, the un-mentionable, costing global economy potentially US$3.5 tr
by Kylene Casanova
Checklist how to minimise occupational fraud which costs typically 5% of annual revenue
10 steps to Cyber security from UK’s GCHQ
by Kylene Casanova
Learn from the British intelligence agency responsible for spying on you and your government
Top 10 Best Practices for Fighting Credit Card Theft and Fraud
by Kylene Casanova
3Delta Systems list of how to avoid a cyber breach and card loss
Your messages, fingers and accounts need protecting: ‘NSA spied on SWIFT’, etc…......
by Kylene Casanova
Apple’s new fingerprint sensor and 2 million Vodafone accounts hacked PLUS a partial solution
Is your corporate treasury department too lean to implement appropriate and effective compliance con
by Kylene Casanova
Deloitte recently published 'Enterprise compliance: The Risk Intelligent approach' which reviews "what is needed for organizational units, and geographies, enabled by people, processes, and
Protect your passwords until there is something better
by Kylene Casanova
Eventually, many years henceforth, our digital identity will be protected by three-factor authentication - a knowledge factor ("something the user knows", e.g. password), a possession factor
AIG launches first-ever cyber risk management mobile App
by Kylene Casanova
A survey of perceptions about cyber risk by AIG found that more senior executives are concerned about cyber threats than other major business risks.
Don’t decline security protection procedures that your bank recommends: It can cost you
by Kylene Casanova
Last year, a U.S. district court dismissed BancorpSouth's countersuit of former customer Choice Escrow and Land Title LLC for costs related to a 2010 fraud case. Choice Escrow initially sued the
Can your web-site be broken by fraudsters? Hear how from Britain’s greatest fraudster
by Kylene Casanova
The Financial Services Club meets in the London once a month to listen to interesting characters and personalities in the financial services business.
Avoidable errors in Excel spreadsheets caused $6bn losses. Spreadsheet control gaps revealed: are yo
by Kylene Casanova
Recent research showed that more than half of financial services groups in the UKJ have poorly applied or no controls for managing business-critical spreadsheets, leaving them open to the problems that led to the $6
Should you be insuring against Cyber Risk?
by Kylene Casanova
To protect their department from cyber risks treasurers can deploy cyber insurance. According to Aon Risk Solutions, while less than 10 percent of companies bought cyber insurance coverage in 2008, that number has m
ACL Introduces ACL™ Analytics Exchange 4 to analyze what’s happened and monitor fraud and revenue le
by Kylene Casanova
ACLhave launched the ACL Analytics Exchangeversion 4. AX which enables adjacent departments, including finance, risk and compliance, to protect the bottom line by identifying control deficiencies such as fraud and r
Cybercrime wave gathers force. Increases need for corporate treasury security and controls
by Kylene Casanova
Cybercrime is big business. It is costing consumers $110bn a year and affects almost 1.5m people a day, Symantec, the online security group, reported last year. Bank accounts are being compromised; credit card detai
e-apostille will change how international business is carried out…. eventually
by Kylene Casanova
Notaries provide a service for commercial firms engaged in international trade, and for private individuals. The most common tasks are:
10 fraud blind spots for corporate treasury departments to watch out for in 2013
by Kylene Casanova
"Just like legitimate businesses, fraudsters are planning ahead for 2013," says James Gifas, head of RBS Citizens Treasury Solutions.
Corporate treasury departments at increased risk according to Symantec’s top 5 security and fr
by Kylene Casanova
Symantec, the US-based security software developer, has unveiled five most important security issues they expect to appear in 2013:
Kill the Password: Why a String of Characters Can’t Protect Us Anymore AND what to do about it
by Kylene Casanova
n his excellent article in WIRED (http://www.wired.com/gadgetlab/2012/11/ff-mat-honan-password-hacker/), Mat Honan described how his digital life was deleted by hackers who used his Apple account to wipe every one o
GE Capital Australia and New Zealand installs ACL technology to improve Data Leakage Detection
by Kylene Casanova
Data leakage risk is a significant issue for consumers, companies and governments alike. According to the 2011 Global Cost of Data Breach Study1, costs of data breaches vary depending upon the type of data breach an
E-crime costs UK retailers £205m a year with personal identification-related frauds most-expensive
by Kylene Casanova
The British Retail Consortium (BRC) estimate that the total cost of 'e-crime' to retailers in 2011-12 was at least £205.4 million.