Insider Fraud - Latest Strategies To Deal With It
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Overview: Organizations face ever increasing threats from criminal activity. Although situations such as cyber attacks and phishing are frequently talked about, insider fraud still remains one of the weakest points for many organizations.
All employee activity leaves a trail behind in the data. If this data can be analyzed appropriately, insider activity can be detected. However this is not necessarily a trivial task.
Detection of insider fraud whilst maintaining low false positive rates requires a range of different analysis techniques to be packaged together and automated by the system.
Approaches exist for looking at particular facets of a member of staff’s activity. But what if the member of staff is working in collusion with external customers, other staff or is spreading their activity across a range of different systems? The only way to identify this type of insider activity, which in many instances represents the bulk of the insider fraud activity, is to use a networked analytics approach.
The Detica NetReveal? enterprise fraud risk management solution provides a complete range of functionality to not only tackle first-party (customer) and third-party fraud, but also provides a complete capability to tackle insider and collusive fraud.
This whitepaper discusses some of the latest strategies to deal with the insider fraud threat.