Category: Risk & Fraud

cybersecurity month 2021

In Session: educating employees still critical in the fight against email compromise

Considering the ubiquity of email and the awareness employees should have around its security vulnerabilities, fraud should by now be all but stamped out. But it’s clearly not. When you can buy a phishing resource...

/ October 11, 2021
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
watchlist screening

From remediation to disruption: reimagining watchlist screening with modern technologies

In the post titled Time to Reimagine Watchlist Screening, we discussed how legacy technology and approach used in watchlist screening produce suboptimal outcomes, generate too many false alerts, and result in case backlogs and growing...

/ July 7, 2021
watchlist screening

Time to reimagine watchlist screening

Growing challenges in watchlist screening Recent revelations through major document leaks such as the FINCEN Files, Panama Papers, and Paradise Papers, as well as several instances of regulatory fines and consent orders on financial institutions,...

/ June 30, 2021

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