Category: Risk & Fraud

insider fraud

It’s complicated: FIs seek solutions for insider fraud in hybrid work environment

The Economist calls them “the new bank robbers.” They’re the insiders, the employees that are taking advantage of data access at organizations in all industries – financial services included – to leak data or manipulate...

/ September 8, 2021
FedNow

NACHA update: Communication security fills the headlines

In case anyone needed a reminder of how aggressive and creative fraudsters can be, last week provided a stark reminder of both. T-Mobile was covered as the victim this time, as it reported that SIM-swap...

/ August 24, 2021
NACHA 2021
real-time payments
real estate payment fraud

Your best weapon against real estate payment fraud? Automation.

In the first article in this series, we looked at a bright new world of vendor and accounts payable relationships in real estate, ushered in by payment automation. Now we’d like to enlighten you further...

/ August 3, 2021
Confirmation of Payee

Confirmation of Payee – play, stick or be told?

We all want to stop crime. It brings the community together for a common good. We will never eradicate the creativity of the fraudster working the law of averages in a digital payments world, but...

/ June 29, 2021
Drivers of change

Is your organisation a victim of fraud complacency? How to spot the signs and stop criminals in their tracks

For many companies, the pandemic further heightened the importance of effective cash management as businesses worldwide experienced interruption on a global scale. Being able to pay and get paid while workforces, customers and suppliers moved...

/ June 23, 2021

Enterprise case management helps turn the tide in the battle against financial crime

Attack. Defense. War. These are terms used to characterize financial crime and the criminals who’ve made a highly-lucrative business out of stealing data and funds from companies like yours. We get regular updates from the...

/ May 13, 2021
financial crime

A surge in financial crime risks requires smarter prevention tools

The COVID-19 pandemic has impacted businesses and financial organizations in many ways. One result is the increase in financial crime from within and outside of your organization. The rise of remote employee access, combined with...

/ April 1, 2021
fraud

New global treasury survey looks at the cat and mouse game of fraud and financial crime

The 6th annual global Treasury Fraud & Controls survey, sponsored by Strategic Treasurer and Bottomline and focusing on the global state of fraud and financial crime, revealed the expected – criminals exploited vulnerabilities exposed by...

/ March 4, 2021