Internal fraud can take place at any level of organization. Fraud costs $3.7 trillion each year and nearly 75 % of the banking fraud is internal (ACFE, 2016). Even if a bank successfully wards of attackers, there is always the risk of insiders abusing the precious information they hold.
Machine learning and artificial intelligence (AI) create $1 trillion of change in the financial services industry. Likewise, the impact of machine learning and AI on fraud detection and prevention is tremendous.
Cyber fraud is projected to reach $6 trillion by 2021. While adoption of new technologies has created new channels to give customers a unique anytime anywhere banking convenience, the systems that banks depend on to deliver their services have multiplied and grown much more complex. Bridging the gap between adapting new digital technologies and keeping the systems secure has become one the biggest challenges for banks.
Increasing regulatory pressures regarding the efficiency of AML environment and the increasing fines present new challenges for financial institutions. Only in the beginning of 2018, banks were fined up to 70 million USD.
Fraudsters are smart. Banks need to be smarter. What you need is a fraud solution that monitors fraudsters’ behaviors across the entire banking system and proactively detects fraud in real-time. Register for this webinar...
Following the rising cyber fraud instances in SWIFT’s customers’ local environments, SWIFT has launched the Customer Security Program (CSP) and it is asking banks to ramp up their anti-fraud systems by June 2017 or face expulsion from the international bank messaging co-operative. Register for this webinar...
Today’s finance technology is adding fresh value to bank employees’ workdays, helping banks to reduce costs, improve controls, operational efficiency, and ultimately deliver valuable customer services. Register for this webinar to learn what the compliance of the future will look like through the digitalization of controls monitoring.
Today’s banking industry era is strongly defined by a word - digital. The urgency to act is only getting severe each day. Register for this webinar to learn from NetGuardians' Head of R&D the impact of digitalization on the banking industry.
A large and rapid shift to mobile banking places huge loads on the banks’ IT systems as transaction volumes explode, as well as providing another route into the banks’ information systems that can become vulnerable to fraud and unauthorized use. Register for this webinar to learn the latest about mobile banking fraud prevention best practices.
Internal fraud can take place at any level of organization. Fraud costs $3.7 trillion each year and nearly 75 % of the banking fraud is internal (ACFE, 2016). Even if a bank successfully wards of attackers, there is always the risk of insiders abusing the precious information they hold. Register for this free webinar to learn how to prevent internal fraud at financial institututions.