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Fighting Theft and Fraud in Financial Services With Innovation That Matters From IBM
White Papers Working with leading-edge clients and technology providers, IBM has assembled an innovative Threat and Fraud Intelligence solution for Banks and Financial Markets - a global, integrated repository for threat and fraud that serves as a single...
[April 26, 2007, 1:00]
UK suffers jump in online financial fraud
News The UK is suffering a cybercrime wave that has seen online financial fraud jump 20 percent, according to a new report. Garlik chief executive Tom Ilube attributed the rise to the "professionalisation of online financial fraud", saying...
[October 31, 2008, 6:30]
KPMG warns of fraud increase
Blog KPMG said that the Government has become the predominant fraud target, followed by financial institutions. However, those financial institutions have improved security practices, and succeeded in lowering fraud since 1993.
[February 6, 2008, 14:43]
Norwich Union Life fined £1.26m for data loss
News The financial services company blamed "organised fraud" for the losses to its customers. Aviva PLC, of which Norwich Union Life is a subsidiary, issued a statement on Monday apologising for the fraud.
[December 17, 2007, 12:31]
Momentum Webcast: Fighting Financial Crime: Turning Risks Into Rewards (Level 100)
White Papers Money laundering, fraud, market abuse, and employee fraud are growing risks that can significantly affect the financial institution's reputation and bottom line. In this webcast, leading experts on financial crime explain the impact of these risks...
[November 6, 2008, 0:01]
Lords probes online security risks
News On Wednesday, witnesses from the UK payments association (APACS), the Financial Services Authority (FSA) and Visa gave evidence about the level of online threat to consumers, the types of fraud being perpetrated, and how financial services...
[December 14, 2006, 16:29]
Torex whistleblower breaks cover
News Mitchell, who was suspended earlier this week, said he had contacted the Serious Fraud Office (SFO), the Financial Services Authority (FSA) and the London Stock Exchange with his concerns. The identity of the whistleblower who contacted the Serious...
[February 2, 2007, 15:36]
Best Practices Under Audit Standard 5
White Papers Controls were designed to cover every possible source of financial reporting fraud. As these controls became more cumbersome, companies found it an increasing strain to comply with SOX regulations - and still, they failed to prevent the fraud these...
[March 12, 2008, 0:01]
Microsoft Executive Circle Webcast: Executive Road Map to Fraud Prevention and Internal Controls: Creating a Culture of Compliance
White Papers Under the Sarbanes-Oxley Act of 2002, chief executive officers and chief financial officers must personally attest to the accuracy of financial statements and that their companies have the necessary internal controls to prevent and detect fraud.
[April 14, 2007, 1:01]
Best Practices for Protecting against Phishing
White Papers You will hear: - How a major financial institution manages their online fraud - The importance of managing an effective command centre, - The flow of a typical attack, and - Best practices for disabling a phishing siteIf you are responsible for...
[April 5, 2007, 12:15]
SAP software aims to combat employee fraud
News The university said that the main source of current fraud detection is retrospective financial auditing, which enables any employees involved to change records of fraudulent transactions and cover their tracks before an audit.
[November 7, 2007, 8:44]
Study: More anti-fraud measures needed
News Moriah Campbell-Holt, a financial services analyst with Gomez, agrees that merchants can expect online fraud to rise as online transactions increase in volume, especially as those committing fraud become more sophisticated in their methods.
[January 22, 2001, 8:26]
Stolen Nationwide laptop prompts FSA probe
News Nationwide insists that victims of identity fraud would not suffer financial loss, as the building society has a policy of reimbursing money stolen. However, there is a chance that the limited customer data stolen could be linked to other...
[November 13, 2006, 12:44]
FBI: Computer crime costs US firms $67bn
News Respondents spent nearly $12m to deal with virus-type incidents, $3.2m on theft, $2.8m on financial fraud and $2.7m on network intrusions. Responding to worms, viruses and Trojan horses was most costly, followed by computer theft, financial fraud...
[January 20, 2006, 9:30]
Banks under fire as phishing attacks accelerate
News Phishing attacks on banking organisations and their customers across the globe have increased steadily over the past six months, according to the latest fraud report from security software specialist RSA.
[March 19, 2008, 7:43]
Banks still top targets for phishing scams
News In a recent interview with ZDNet UK's sister site CNET News.com, Mike Cunningham, senior vice-president of fraud management at Chase Card Services, a division of financial services giant JPMorgan Chase, said that despite the proliferation of...
[January 21, 2005, 8:30]
International crackdown nets ID theft ring
News In an investigation that led from online forums to a passport-forging facility in Bulgaria, law enforcement officials arrested in the last 48 hours suspects from eight US states and six other countries on charges of identity theft, computer fraud...
[October 29, 2004, 8:54]
Downturn may turn techies to crime, say reports
News Both PricewaterhouseCoopers (PwC) and security vendor Finjan are forecasting that the recession will fuel a significant rise in insider fraud and cybercrime in 2009. There are certain types of fraud where an understanding of technology would make...
[December 12, 2008, 8:05]
Identity theft hits millions
News Identity fraud is a bigger problem than generally acknowledged, with an estimated 10 million Americans becoming victims in the last year, according to a new Federal Trade Commission survey. The survey, released on Wednesday, found that only a small...
[September 4, 2003, 9:30]
Major online credit card theft exposed
News It was unclear why the thief hacked the government Web site and stored the data there, Macken said, although he said the act might have been the online equivalent of thumbing one's nose at US authorities, which have so far been stymied in their...
[March 17, 2000, 12:37]
