Insider Fraud – Latest Strategies To Deal With It [ Source: Detica ]
November 2010- 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 ...

Data security and privacy: A holistic approach [ Source: IBM ]
October 2011- News headlines about the increasing frequency of unauthorized access to sensitive data and identity theft have focused awareness on data security and privacy breaches - and their consequences.<br><br> In response to this issue, regulations (SOX, HIPAA, PCI-DSS, FISMA, EU Data Privacy Directive) along with the rising number of regulatory mandates have increased the pressure to show immediate compliance, otherwise failure to ensure compliance can result in significant financial penalties ...

Fraud Analytics for Financial Services [ Source: ParAccel ]
November 2010- When it comes to credit card transactions, two key goals drive the need for high- performance analytics: putting the lid on fraud while ensuring the customer relationships aren’t jeopardized through erroneous denials of legitimate transactions. Given the speed at which fraud is perpetrated, financial services businesses increasingly need to detect and halt fraud in minutes, rather than hours or days. “Our goal is to ensure that our customers can quickly put the lid on ...

Financial Data at Risk in Development: A Call for Data Masking [ Source: Informatica ]
November 2010- This Informatica sponsored study, conducted by the Ponemon Institute, surveyed 437 senior IT professionals in the financial services industry whose organizations have been engaged in application testing and development in order to better understand if the risk of using real data in development is being addressed.

An overlooked privacy risk for financial services organizations is the vulnerability of personal and business information used for testing and application development. During the test and development phase ...

Enterprise Risk Management for Financial Services [ Source: SAP ]
July 2010- Download this whitepaper to better assess and manage risk enable accurate asset valuation, prevent data loss and fraud, increase transparency, and optimize compliance.

You can rapidly verify and integrate data, increase organizational transparency, and improve your understanding of risks across the enterprise.

With accurate, up-to-date information, your organization can weigh and manage risk factors to find new ways to cut costs while moving with agility to recognize and capitalize on opportunities ...

Case Study: INDEVAL saves Mexican banks 240 million USD in 18 months with Analytics [ Source: IBM ]
January 2012- The settlement systems of central securities depositories (CSDs) have a tremendous impact on the liquidity and efficiency of securities transactions.<br><br> Read this case study to learn how INDEVAL, Mexico's CSD, used optimization software to raise liquidity levels, lower capitol requirements and help provide stability to Mexico's financial system.

Financial Services Case Study: Union Bank [ Source: Good Technology ]
May 2011- This hallowed and service-oriented financial institution relies on Good for Enterprise to protect bank data on the mobile devices its employees prefer-while delivering the security and management the company requires. <br><br> The Challenge: Union Bank needed to find a secure mobility solution that supports the popular devices employees want to use, such as the iPhone, iPad, and Android-based handhelds. <br><br> The Solution: Good for Enterprise ...

Addressing Advanced Fraud Threats: In Today's Mobile Environment [ Source: Entrust, Inc. ]
April 2011- While mobile banking applications have yet to be adopted by mainstream users, they are being deployed by financial institutions around the world and are being used by early adopters for basic transactions, such as checking account balance, paying bills and transferring money. But there is a clear relationship between those doing their banking online and those early adopters of mobile banking. And the security of online banking and mobile banking, which remains a concern for ...

Financial Data at Risk in Development: A Call for Data Masking [ Source: Informatica ]
November 2010- This Informatica sponsored study, conducted by the Ponemon Institute, surveyed 437 senior IT professionals in the financial services industry whose organizations have been engaged in application testing and development in order to better understand if the risk of using real data in development is being addressed.

An overlooked privacy risk for financial services organizations is the vulnerability of personal and business information used for testing and application development. During the test and development phase ...

First Party Fraud in Retail Banking [ Source: Detica ]
November 2010- Banks can significantly reduce their bad debt levels and collections expenses, by identifying first-party fraud cases before they reach collections. Advanced network analytics is the key to early detection and prevention of threats before they result in large losses.

First-party fraud occurs when customers apply for credit cards, loans, overdrafts or other un-secured banking credit lines with no intention of paying. Often these customers will collaborate with bank employees to assist them in ...