Category: Risk & Fraud

Understanding Machine Learning and Fraud Detection

You’ve no doubt noticed that the buzz about machine learning and fraud detection has been everywhere. Finally it appears as though there’s a solution to combat the fiercely aggressive payment fraud problem organizations have been...

/ November 19, 2018

Preventing Fraud & Financial Crime in Cash Management

Preventing fraud and financial crime has become an all-consuming priority for organizations. Here's how to secure payments across the digital enterprise...

/ November 6, 2018

Best Practices to Secure Payments Across the Digital Enterprise: Advice from RGL Forensics

The threat of business payment fraud is getting worse every year. According to the 2017 AFP Payment Fraud and Control Survey, 74% of organizations were victims of the threat in 2016 alone. If you’re concerned...

/ October 22, 2018

Everything you need to know about the Updated SWIFT Customer Security Controls Framework

It’s been nearly 2 years since the launch of the original Customer Security Programme (CSP) and yet everything we thought we knew about it has changed, including the name, which is now the SWIFT Customer...

/ October 15, 2018

Three Ways Banks Can Reduce Payment Fraud

According to the Association of Financial Professionals, 78% of organizations experienced attempted or actual payments fraud in 2017. These breaches put banks at increased risk as fraudulent transactions are processed through their payment systems. It’s...

/ October 15, 2018

Forensic Files: Strategies to Defend Against Payment Diversion Fraud

Payment diversion fraud might hide behind aliases such as mandate fraud, invoice fraud or business email compromise, but regardless of what you call it, it’s a big threat to business. According to Andy Fyfe, detective...

/ September 24, 2018

KYC Best Practices: 3 Tips for Improving Digital Identity Verification Practices

For banks to grow in today’s technology age it’s critical that they be able to attract new customers through digital channels. But digital identity verification presents a real challenge and KYC best practices aren’t always...

/ September 21, 2018

The Importance of Bank Account Validation as a Payment Protection Measure

As we discussed in my last post, the importance of bank account validation cannot be understated when it comes to streamlining payment processes and eliminating failed direct debit transactions. As was recently noted in the...

/ September 10, 2018
Payment Fraud Trends

2018 Payment Fraud Trends: Where Does Your Organization Fit In?

Review the 2018 Treasury Fraud & Controls report for in depth analysis from Strategic Treasurer on the payment fraud trends that are impacting the industry.

/ August 24, 2018
Treasury Fraud

Understanding the State of Treasury Fraud & Controls

Once upon a time, stealing money from a bank or business meant that criminals had to put on a mask and commit a robbery. Coming into the second half of 2018 however, that thought seems...

/ June 12, 2018