Three Tips for Combating Fraud
Chris Camacho, Chief Strategy Officer at Flashpoint
Fraud is an inevitability of business, and one that most won’t concede they’re susceptible to. But the blunt truth is, insiders who are close to critical systems—or outsiders who are skilled enough to exploit vulnerabilities in anti-fraud and other security controls—will steal.
Read more ...

Dealing with insider threats
To tackle insider threats, managers and IT leaders need to take an entirely different approach which can vary depending on the business environment, argues Ronald Sens, EMEA Director, A10 Networks.
There are many threats to enterprise cyber security with most coming from external threat actors. Read more ...

Why bank fraud levels are not falling
Improving detection and prevention in an evolving threat landscape.

Steven Murdoch, innovation security architect at OneSpan, explains why fraud levels continue to rise despite increased security spending, and what can be done to improve the situation.
Read more ...

Final agreement on Fifth AML Directive proposals
- Consensus on anti-money laundering amendments including prepaid cards and virtual currencies
- The major provisions affecting banks
- Patchy adoption of Fourth AML Directive across EU
- Timeline for adoption of AMLD5
Read more ...

Banks must change data policies post-Equifax
The Equifax data breach is in a class of its own. It compromised the personal data of 145 million people, equivalent to half the US population. The seriousness is exacerbated by the breadth of information stolen including names, Social Security numbers, birth dates, addresses, some driver’s licence numbers and 209,000 credit card numbers.

Why does Equifax hold so much data? Read more ...

Bank fraud & compliance teams face aftershocks from Equifax breach
The recent massive Equifax data breach is in a class of its own. In the new issue of Fraud Watch we ask industry experts about the repercussions for those of you working in fraud, compliance and AML. What new attacks and threats are your organisation likely to face, and what preventive actions must you take?
We are here to help you navigate this challenging environment.
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Articles in the latest printed edition of Fraud Watch

– Equifax: Fraud and AML professionals face aftershocks from massive hack
– Financial regulators under pressure. How can they preserve their independence?
– The latest Trojan cyber-threats
– Russian courts used to block foreign corruption allegations - analysis
– The six criminal types that drive money laundering
Read more ...

De-risking threat to financial integrity
FATF and G7 call for more balance to resolve contentious issue that threatens both inclusion and security of the financial system
Faced with increasing AML penalties and compliance costs in business areas such as remittances and charities, some banks have chosen to stop offering services to clients in these sectors. Read more ...

AML requirements: Are the stakes increasing?
Financial controls for AML continue to rise up the agenda for regulators on both sides of the Atlantic. Financial institutions in Europe must soon comply with the EU’s Fourth AML Directive, and new US regulations mean firms are increasingly required to put in place an ongoing review and improvement approach to AML monitoring.

Colin Bristow of SAS examines what the future holds for financial controls. Read more ...

Rolls-Royce: Finally some bragging rights for the SFO?
The £671m deferred prosecution agreement with the aero engine maker marks a successful end to the Serious Fraud Office’s  biggest ever investigation, argue Kelly Hagedorn and Jessica Veitch of legal firm Jenner & Block. Read more ...

Three Tips for Combating Fraud
Chris Camacho, Chief Strategy Officer at Flashpoint
Fraud is an inevitability of business, and one that most won’t concede they’re susceptible to. But the blunt truth is, insiders who are close to critical systems—or outsiders who are skilled enough to exploit vulnerabilities in anti-fraud and other security controls—will steal.
Read more ...

Dealing with insider threats
To tackle insider threats, managers and IT leaders need to take an entirely different approach which can vary depending on the business environment, argues Ronald Sens, EMEA Director, A10 Networks.
There are many threats to enterprise cyber security with most coming from external threat actors. Read more ...

Why bank fraud levels are not falling
Improving detection and prevention in an evolving threat landscape.

Steven Murdoch, innovation security architect at OneSpan, explains why fraud levels continue to rise despite increased security spending, and what can be done to improve the situation.
Read more ...

Final agreement on Fifth AML Directive proposals
- Consensus on anti-money laundering amendments including prepaid cards and virtual currencies
- The major provisions affecting banks
- Patchy adoption of Fourth AML Directive across EU
- Timeline for adoption of AMLD5
Read more ...

Banks must change data policies post-Equifax
The Equifax data breach is in a class of its own. It compromised the personal data of 145 million people, equivalent to half the US population. The seriousness is exacerbated by the breadth of information stolen including names, Social Security numbers, birth dates, addresses, some driver’s licence numbers and 209,000 credit card numbers.

Why does Equifax hold so much data? Read more ...