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.
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 moreEveryone is vulnerable to invoice fraud even banks
by Kylene Casanova
Everyone is vulnerable to invoice fraud. Lloyds TSB in the UK took a hit after one its workers was found to have submitted false invoice payments over a period of four years, before laundering the proceeds.
European Commission launches tool to combat VAT fraud
by Kylene Casanova
A proposal for a Quick Reaction Mechanism (QRM), that would enable Member States to respond more swiftly and efficiently to VAT fraud, was adopted by the Commission today.
Use biometric debit cards to distribute payroll or benefits and minimise fraud
by Kylene Casanova
Since March, the South African Social Security Agency (Sassa) has worked with Net1 UEPS Technologies and Grindrod Bank to distribute more than 2.5 million MasterCard cards, which use biometrics to help fight fraud,
Companies without formal fraud reporting procedures have a greater risk of fraud going unreported
by Kylene Casanova
London, UK: A recent survey by EuroFinance has revealed that over a third of finance professionals have witnessed serious financial wrongdoing in organisations they have worked in.
Fraud from disgruntled and dishonest insiders using invoicing to help themselves can be controlled i
by Kylene Casanova
Recent fraud cases in the UK and Singapore have highlighted how disgruntled employees and dishonest managers can use invoicing systems to carryout serious levels of fraud that can threaten the business.
Global fraud levels on increase and still migrating to softer points. Shows need for constant attent
by Kylene Casanova
Fraudsters are innovative, persistent and always focus their attention on the easiest point.
Top 6 things you need to ask your bank about their cyber crime prevention procedures
by Kylene Casanova
At AFP's Annual Conference in Boston, Guardian Analytics, the US based supplier of a behaviour-based online fraud prevention solution for financial institutions -
UPS enhanced controls & fraud risk reduction tactics: 2004-2011
by Kylene Casanova
Ernie Caballero's impressive presentation at Eurofinance's International Cash Management conference in Rome entitled 'UPS Europe Treasury - International Cash Management'