FRAUD & SECURITY INSIGHTS
Protect your data, protect your customers
Recent Fraud & Security articles
- Analytics can help prevent substance use disorder and over-prescribingStates and MFCUs now have the analytics tools they need to change the trajectory of the opioid crisis by analyzing data and predicting trouble spots – whether in patients, prescribers, distributors or manufacturers. The OIG Toolkit with free SAS® programming code makes that possible.
- 4 strategies that will change your approach to fraud detectionTechnology advances are giving financial institutions a better arsenal than ever for fraud detection. Take a look at four ways to turbocharge your defenses.
- Proactive detection – A new approach to counter terrorTo counter terror, investigative teams can better utilize the data they already have by applying a fresh approach with these steps to proactive detection.
- Stop contract and procurement fraudFraud affects an estimated 30 percent of organizations' procurement processes. Beyond business rules and anomaly detection, analytics can detect and prevent fraud and preserve the integrity of the procurement process.
- 5 steps to sustainable GDPR complianceFollow these steps to achieve GDPR compliance by the May 2018 deadline – and get added benefits along the way.
- Data management for cybersecurity: Know the essentialsSecurity teams tend to underestimate the importance of data management for cybersecurity. See the seven key reasons data management has been so difficult and five steps to getting it right.
- Analytics for prescription drug monitoringPrescription drug monitoring programs (PDMPs) are a great start in combating abuse of prescription drugs, but they could be doing much more. Better data and analytics can inform better treatment protocols, provider education and policy decisions – and save lives.
- The online payment fraud stops hereBillions of dollars a year are lost to online payment fraud through channels that provide convenient – yet vulnerable – ways to shop and bank. See how to fight back and win with advanced analytics.
- A modern cybersecurity strategy: Building a budgetA cybersecurity strategy requires more than just executive support. Learn how IT can get the tools and training designed to protect you from modern threats.
- Bridge the gap between financial crime analytics and investigationsHow to manage the escalating analytic demand required to run financial crime platforms.
- An executive perspective on risk and fraudHSBC's global risk COO on how the world’s second-largest bank uses data management, analytics and industry expertise to tackle financial crime and more.
- Transaction monitoring: To segment or not?A typical anti-money laundering transaction monitoring program has scenarios that monitor the customers and accounts that pose the most risk. The fact is … this one-size-fits-all methodology isn’t very effective because customers transact differently based on many factors. So how do you incorporate that into your program?
- Putting an end to pay and chaseSophisticated technology-driven approaches can not only root out fraud in social benefits programs, but find it before payment is made. A proactive approach can reduce the 5 to 7 percent of government dollars that end up in fraudsters’ pockets.
- Fighting customs fraudThere are large profits to be made by avoiding duty or importing illegal goods and the chances of detection are small, so it’s no surprise this is a target area for organized crime. To spot criminals, customs authorities have moved from manual searching to rule-based systems, but that's just not enough. Automated risk management technologies reduce costs, increase customs revenue and bring more fraudsters to justice.
- How to prevent procurement fraudCriminals know that the data you need is scattered everywhere. They know it’ll be hard for you to see what they are doing and who their partners are. And they make the most of those opportunities. To uncover these guys, you need to put aside your manual defenses and start using a hybrid analytical approach.
- Five steps you can take to beef up cybersecurityAnyone with Internet access and programming skills can invade a country or bring down a corporation. Traditional firewalls and anti-virus don't work (just ask JP Morgan). Security expert Ray Boisvert shares five actions organizations can take now to defend against cyberattack.
- Data privacy can be used for evil, tooThe anonymity of digital currency transactions perfectly suits the criminal element. Are bitcoins and other cyber currencies a threat to our global financial system?
- Mobile payments, smurfs and emerging threatsM-payment remittances are replacing traditional banks and money services that have historically charged high fees for small transfers. The advantages and pitfalls of these M-payments for law enforcement and financial services are many. Former US Treasury Special Agent John Cassara maps what he sees in the road ahead and gives advice for protecting your firm.
- Top five prepaid card fraud scamsThe margin for prepaid cards is slim, so it's particularly important to root out the scams. Here are some tips for combatting and mitigating prepaid card fraud.
- Rethink Customer Due DiligenceGiven recently enacted compliance laws like the Foreign Account Tax Compliance Act (FATCA ), there’s never been a better time to re-examine your current CDD processes and enabling technology. Automated analytical tools can help you accurately segment and identify customers by the risk they represent so you can monitor them appropriately and make the best use of investigative resources.
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