July 28 at 12:30 PM - 01:30 PM EST

Employee Fraud: Understanding the Threat from Within

The role of monitoring in reducing the reputational and financial risks of internal fraud

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In order to protect themselves from evolving external threats, financial institutions continue to strengthen their fraud controls by deploying fraud detection solutions across a variety of channels – but it is imperative that institutions do not overlook the threat from within.

Financial institutions are especially vulnerable to employee fraud, as fraudsters within the organization have access to large amounts of Personally Identifiable Information (PII) and financial transaction data, along with ready access to customer accounts. While these schemes can add up to significant fraud losses for financial institutions and their customers, they can also enable other illicit activity and pose significant compliance concerns.

Join us for this educational presentation to learn about:

  • The scale of employee fraud at financial institutions, including the financial and reputational risks and compliance considerations.
  • Tactics internal bad actors use to commit fraud against financial institutions.
  • Best practices to mitigate losses and protect your institution from internal threats, including appropriate monitoring and fraud controls.

Tagged as...

  •   Employee Fraud
  •   Fraud
  •   Red Flags