Category: Risk & 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...
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...
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...
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...
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...
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...
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...
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...